Dangote Cement Plc, owned by Aliko Dangote, Africa’s richest man, has commissioned a $500 million cement plant in Ethiopia.
The cement plant which has an installed capacity of 2.5 million metric tonnes per annum (mmtpa), will produce 42.5 cement grade and will create about 7,000 jobs.
President of the Dangote Group, Alhaji Aliko Dangote revealed that more cement plants were being built by his company across Africa to actualize its ambition of reaching an annual production of 62 million tonnes by 2017.
The inauguration of the cement plant on Thursday had in attendance several Nigerian business leaders and government officials from Ethiopia led by the Ethiopia Prime Minister Haile Mariam Desalegne.
The plant is located in Mugher, about 80 kilometers from Addis Ababa. It will initially produce 2.5 million metric tonnes a year to meet up with Ethiopia’s market, which is currently enjoying a construction boom.
Apart from its plants in Nigeria, Dangote Cement has factories in South Africa, Senegal, Zambia and Tanzania. It is currently building a $400 million factory in Kenya.