DANGOTE INVESTS $500 MILLION IN ETHIOPIA, FOR CEMENT…….

Dangote-Cement

By: Economic & Finance Report

Dangote Cement will be adding another cement refinery in Ethiopia. The refinery that is being constructed to be valued at around $500 million. The refinery plant will be stationed in Mugher, Ethiopia.  The plant is expected to produce somewhere around 7,000 jobs in Ethiopia.

Ethiopia is going through a construction and infrastructure development boom currently. Infrastructure is widely being constructed in cities around Ethiopia. These investments have allowed Dangote to invest in cement plants in the country, because cement is needed in the infrastructure developments. Dangote Cement has positioned its self to be the manufacture supplier to builders and developers within Ethiopia as they construct more. -SB

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