Dangote unveils plans to commission $480m Ethiopian cement plant
Cited in Mugher District, the Prime Minister of the Federal Democratic Republic of Ethiopia, Haile Mariam Desalegne is expected to perform the opening ceremony.
A statement from the Dangote Group indicated that the its cement plant, adjudged to be the single largest investment by an African, will be the fifth in the series of the offshore plants of the company that have rolled out cement within the last one year in the continent, after Senegal, Cameroon, South Africa and Zambia.
The group added that nine other countries have cement plants that are in various stages of construction.
“The company is investing $5 billion to build an African cement empire, with factories plants in 14 African countries.
“Recently, its $300 million Greenfield cement plant in Senegal rolled products into the market in that country with the Senegalese government promising assistance required for Dangote Cement to perform maximally as its entry into the Senegal has stir up economic activities”, the statement read in part.
Nigeria Ambassador to Senegal and Mauritania, had said: “I am very proud of what Dangote is doing by promoting intra -African investments, promoting regional development, industrialisation and cohesion among African nations with his investments.
No Comments yet