Dangote Cement inaugurated its Mugher cement plant in western Ethiopia
The new cement plant has a capacity of 2.5 million tons per year and required an investment of 500 million dollars (Reuters).
Aliko Dangote (CEO) has set a target of reaching an annual output of 62 million tons of cement in 2017. Last year, the group’s output amounted to 42 million tons, according to Reuters. This year, Dangote opened its facilities in Cameroon and Senegal.
Rapid development in Ethiopia (estimated at 10.5% in 2015 and 2016) has resulted in cement shortages, preventing industrialists from meeting demand. Industrial analysts estimate that Ethiopian demand will increase to 17 million tons in 2016. Dangote therefore wants to fulfill this demand.
