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Nigeria: Dangote Mulls $400m Investment to Expand Ethiopia Cement Plant to 5m Tonnes

Summary by allAfrica

President of Dangote Industries, Alhaji Aliko Dangote, has announced a $400 million investment plan to push a second production line at the Mugher cement plant in Ethiopia.

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allAfrica

Nigeria: Dangote Mulls $400m Investment to Expand Ethiopia Cement Plant to 5m Tonnes

President of Dangote Industries, Alhaji Aliko Dangote, has announced a $400 million investment plan to push a second production line at the Mugher cement plant in Ethiopia.

4 days ago·South Africa

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Semafor

Dangote injects $400M to expand Ethiopia cement operations

The NewsAfrica’s richest man, Aliko Dangote, said he would double the production capacity of his cement operations in Ethiopia with a new $400 million investment.The Nigerian entrepreneur said Dangote Cement will be able to produce 5 millions tons annually within two-and-a-half years using this new injection of funding, which will create more than 25,000 additional jobs.“Ethiopia is one of the most promising investments we have outside of Nigeri…

5 days ago·New York, United States

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International Cement Review

Dangote plans US$400m Ethiopian plant expansion and greenfield plant

Aliko Dangote has announced a US$400m plan to revive a second production line at the Mugher cement plant in Ethiopia, aiming to double the facility's capa...

4 days ago

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Africa.com

Nigeria’s Dangote Invests $400 Million for Expansion of Ethiopian Cement Plant

Aliko Dangote, Chairman of the Dangote Group, has announced a new investment of $400 million to expand the Mugher cement plant in Ethiopia, raising its capacity from 2.5 million to 5 million tons per year. The Mugher plant began operations in 2015 but has faced numerous challenges, including the vandalism of equipment and the tragic… Read More »Nigeria’s Dangote Invests $400 Million for Expansion of Ethiopian Cement Plant

5 days ago

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Metropol TV - Turning Data into Cents

Dangote Moves in Ethiopia With a $400 Investment in Cement

Aliko Dangote, Africa’s richest man, announced a $400 million plan to revive a second production line at the Mugher cement plant in Ethiopia, aiming to double the facility’s annual capacity to 5 million tons. The Ethiopian plant that became operational in 2015 has faced challenges, including recurrent violence in the region, which has led to … The post Dangote Tries 2nd Stab in Ethiopia With a $400 Million Investment in Cement first appeared on …

5 days ago

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