Dangote Cement plans to invest $400 million in cement plant expansion in Ethiopia
The investment will allocate a new greenfield grinding unit near Addis Ababa to boost Mugher Plant’s production to 5 million tons of cement per year.
Dangote Cement plans to invest $400 million in cement plant expansion in Ethiopia
African wealthiest man—Aliko Dangote that’s is currently worth $28 billion according to Bloomberg Billionaire Index—has announced a $400 million investment plan to drive a second production line at the Mugher cement plant in Ethiopia. The Dangote Cement’s factory in Ethiopia, Mugher Plant, commenced production in 2025 with initial capacity to produce 2.5 million tons of cement per year. However, Dangote says the $400 million investment will double Mugher Plant annual production to 5 million tons of cement. It’s worth noting that Dangote Cement is fully operational in 10 African countries including Nigeria, Ghana, Cameroon, Congo, Tanzania, Sierra Leone, Zambia, Senegal, South Africa, and Ethiopia. Dangote Cement is gradually growing into African cement empire. The company, already producing several millions of tons of cement per annual on the African continent, will reach a milestone of 55 millions tons of cement production with the latest Mugher plant expansion. Speaking of the Mugher pl…
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Temmy Samuel is a seasoned journalist with extensive experience in consumer tech, economy, finance, business, money and politics. Currently, he’s studying Accounting at the Federal University of Oye-Ekiti.
