Africa’s richest man, Aliko Dangote, has announced a $400 million expansion plan for the Mugher cement plant in Ethiopia, aiming to double its production capacity to 5 million tons annually.
Speaking in Addis Ababa on Saturday, Dangote highlighted the challenges the plant has faced since its 2015 launch, including regional violence that led to vandalism and attacks on staff. Despite setbacks, he confirmed that all loans had been repaid and profits repatriated.
The expansion project is set to be completed in 30 months. Additionally, Dangote Industries plans to establish a 3-million-ton-per-year cement grinding unit and collaborate with Ethiopian Investment Holdings to invest in the Omo Kuraz sugar factory.
