Dangote Group, Africa’s leading industrial conglomerate, has announced a major expansion in Ethiopia, reinforcing the country’s status as a prime investment destination. The move follows Chairman and CEO Aliko Dangote’s recent discussions with Prime Minister Abiy Ahmed, which he described as “inspiring.”
The expansion includes doubling cement production capacity at Dangote’s Mugher plant to 5 million tons per annum (MTPA) and establishing a new 3.0 MTPA grinding unit near Addis Ababa. Additionally, the company plans to invest in Ethiopia’s sugar industry, leveraging its experience in large-scale sugar production in Nigeria. Future considerations also include a Urea production plant, pending the development of Ethiopia’s natural gas reserves.
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Dr. Brook Taye, CEO of Ethiopian Investment Holdings (EIH), welcomed the announcement, emphasizing Ethiopia’s commitment to industrialization, investment, and job creation. “Dangote’s decision to expand is a strong signal of confidence in Ethiopia’s business environment,” he stated.
Aliko Dangote highlighted Africa’s economic potential, stating: “Africa will be developed by Africans. As political leaders strengthen the African Union, we must deepen commercial linkages across the continent.”
This expansion solidifies Dangote Group’s position as Africa’s top cement producer, with a total capacity of 55 million tons annually. The investments in Ethiopia’s sugar and fertilizer sectors are expected to drive job creation, boost agricultural productivity, and support industrial growth, further positioning Ethiopia as a regional hub for investment.
