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

ETHIOPIA’S BECOMING AFRICA’S INDUSTRIAL POWERHOUSE!!!!!!!!!!!

Ehtiopia infrastructure

By Economic & Finance Report

Ethiopia’s industrial infrastructure is becoming very well known lately. They have been working closely with the Chinese private sector and government to be asserted as the “Chinese Industrial Revolution” of Africa. Ethiopia has become one of Africa’s diverse economies and it has the second largest population behind Nigeria, at approx 90-95 million people.

Ethiopia is leading the way in infrastructure and in industrial resources; such as the building of roadways, railroads, dams, tunnels, and bridges. They are leading the way into the 21 st Century, by focusing on industrial resources. It has been very clear that investing in industrial resources and infrastructure is a necessity for Africa to sustain it’s growth, with out infrastructure Africa is limited in it’s GDP outreach.

One major project that Ethiopia is currently on path to finish is a $475 milion dollar railway system in conjunction with the Chinese private sector.. This project has been on going but seems to be on the path to be finished soon. Projects such as the railway system, headed by the Chinese Railway Engineering Corp is a big plus for Ethiopia and Sub Sahara Africa, because it transcends the continent to be more dynamic in the 21 st century, as it pushes forward in the development of sustainable infrastructure..

-SB