Africa's richest man Aliko Dangote commissions $500M cement plant in Ethiopia

Aliko Dangote, Dangote Group’s Chairman and Africa’s richest man

Dangote Cement, the cement producer controlled by Aliko Dangote, Africa’s richest man, has commissioned a $500 million cement plant in Ethiopia.

The cement plant which has an installed capacity of 2.5 million metric tonnes per annum (mmtpa) was inaugurated on Thursday at a ceremony in Addis Ababa that was attended by several Nigerian business leaders and government officials from Ethiopia led by the Ethiopia Prime Minister Haile Mariam Desalegne. The plant is located in Mugher, an industrial hub in Ethiopia’s western district, about 80 kilometers from Addis Ababa.

Aliko Dangote told guests during the event that his company is looking to build more cement plants across Africa to actualize its ambition of reaching an annual production of 62 million tonnes by 2017

Read more: Africa’s Richest Man Commissions $500 Million Cement Plant In Ethiopia – Forbes