Nigerian business magnet Aliko Dangote is currently the owner of the largest crane in Africa after buying it from China’s construction company, XCMG Construction Machinery Co Ltd.
The largest crane in Africa weighs about 1 250 tons and was assembled in Nigeria. XCMG sold about 5 000 units of various products to customers in Africa last year.
The company is closely monitoring Africa on account of the continent holding promise as far as opportunities are concerned. However, they are presently deterred because of issues such as financial restrictions in some of the countries as well as security risks.
The company ranks fifth in the world, with over 30 000 employees. It has also sold products to about 177 nations, and has built the largest tractor currently operating in Asia.
XCMG has plans in the pipeline for countries like Ghana, Egypt, Nigeria and Algeria within their sights although nothing has been finalised as yet.
XMCG Construction Machinery Co