Dangote Cement continues expansion – launching in Ethiopia on June 5

Dangote Cement Plc says it will inaugurate its 2.5 million metric tonnes per annum cement plant in Ethiopia – an investment of US$480 million, on June 5 as the company inches towards the mark of 40 million metric tonnes per annum global production capacity before the end of 2015.

Located in Mugher District, the cement plant is said to be the single largest investment by an African in that country and the fifth offshore cement plant of the company to be rolled out in the last one year in Africa, coming after similar launches in Cameroon, Senegal, South Africa and Zambia.

The statement by the Dangote Group on Sunday indicated that the people of Ethiopia were excited about the completion of the project and the positive economic prospects of having such a huge company in their country.

According to the statement, Ethiopia’s Prime Minister, Haile Desalegne has accepted the invitation of the company to attend the launching ceremony of the plant.

It added that 9 other countries would soon join the list of hosting the Dangote cement factories as plants were in the various stages of construction.

“Dangote Cement is investing US$5 billion to build an African cement empire, with factories plants in 14 African countries,” it added.

The Dangote Group is the largest African-owned company that is actively working to grow intra-African investments, promoting regional development, industrialization and cohesion among African nations.