Dangote Group, a Nigerian company, signed an agreement to build a 400 million dollar cement factory in Ethiopia. The plant, which is expected to produce 2 million tonnes of cement a year, will be built in the Oromia Region State.
The agreement for the construction was made between Aliko Dangote, president of the Dangote Group, and representatives of the Oromia Regional State on Wednesday.
The Nigerian company hopes to complete the construction of the cement factory in two years.
The Dangote Group aims to produce 50 million tonnes of cement in Africa by 2015, as part of its ambition to be an internationally significant competitor in global cement production, Dangote’s CEO said.
The Dangote Group is one of the most diversified business conglomerates in Africa with a hard-earned reputation for excellent business practices and products' quality with its operational headquarters in the Lagos, Nigeria.
The Dangote Group has operations in Nigeria and several other countries in Africa, including Benin, Cameroon, Ghana, South Africa, Zambia and now Ethiopia.
Source: Nation, Reuters
No comments:
Post a Comment