Dangote group expands cement production and invests in Ethiopia’s sugar industry
Dangote Group, Africa’s leading industrial conglomerate, has announced a major expansion plan in Ethiopia in collaboration with Ethiopian Investment Holdings (EIH). The move reinforces Ethiopia’s status as a key investment destination in Africa.
Aliko Dangote, Chairman and CEO of Dangote Group, emphasized Ethiopia’s improving business environment after recent discussions with the country’s Prime Minister. Dangote confirmed the group’s commitment to doubling its cement production capacity and diversifying its investments in Ethiopia’s sugar and fertilizer sectors.
Key highlights of the expansion include:
- Increased Cement Production: A second production line at the Dangote Mugher cement plant, raising capacity to 5 million tons per annum (MTPA).
- New Grinding Unit: A greenfield grinding unit near Addis Ababa with a capacity of 3.0 MTPA.
- Sugar Industry Investment: Leveraging experience from a 60,000-hectare sugar plantation in Nigeria, Dangote Group will enhance operations at the Omo Kuraz sugar company.
- Potential Fertilizer Investment: The group is considering a urea production plant contingent on Ethiopia’s natural gas reserve development.
Dr. Brook Taye, CEO of Ethiopian Investment Holdings, welcomed the investments as a vote of confidence in Ethiopia’s private sector. He stressed the country’s commitment to industrialization and job creation.
Aliko Dangote reiterated his belief in the role of African business leaders in the continent’s development, stating: “Africa will be developed by Africans.”
The new investments will further solidify Dangote Group’s position as Africa’s largest cement producer, with a total capacity of 55 million tons annually. The expansion is expected to create jobs, boost agricultural productivity, and support Ethiopia’s economic transformation.
Credit: Addis Insight
