ABN News
As of February 16, 2025, Dangote Cement has announced a significant investment to expand its production capacity in Ethiopia. The company plans to inject an additional $500 million into its existing operations, aiming to increase annual output by 25%. This move is expected to meet the growing demand for cement in the region and support various infrastructure projects. The expansion will also create approximately 1,000 new jobs, contributing to the local economy.
In a statement, Aliko Dangote, Chairman of Dangote Group, emphasized the company’s commitment to supporting Africa’s development through substantial investments in critical sectors. He highlighted that this expansion aligns with their long-term strategy to be a key player in the continent’s industrialization efforts.
The Ethiopian government has welcomed this development, noting that it aligns with national goals to attract foreign investment and boost economic growth. Officials have pledged to provide the necessary support to ensure the project’s successful implementation.
This investment is part of Dangote Cement’s broader strategy to strengthen its presence across Africa, with similar projects underway in other countries to enhance production capacities and meet rising market demands.
