Dangote Group to Double Its Cement Production, Expand into New Investments in Ethiopia

Addis Ababa, February 15, 2025 (ENA) -- Dangote Group Chairman and CEO, Aliko Dangote, announced that the group will double its cement production capacity and  expand into new investments in Ethiopia.

Briefing journalists today, he revealed plans to increase the capacity of Dangote Mugher cement from 2.5 million tons to 5 million tons per annum by planting a new greenfield grinding unit near Addis Ababa.

The chairman and CEO added that the group will engage in new investments in Ethiopia’s sugar industry, leveraging Dangote’s experience in developing a 60,000 hectare sugar plantation in Nigeria to expand and enhance operations at Omo Kuraz Sugar Company in Ethiopia.

Once the nation’s natural gas reserves are developed, a urea production plant will also be taken into consideration in the future in order to help boost agricultural productivity in the country, he stated.

Aliko Dangote commended the improving investment climate of Ethiopia, expressing his happiness in investing in the country, adding that Ethiopia is Dangote’s best investment destination.

The investor further emphasized the role of African business leaders in driving the development of the continent.

“Africa will be developed by Africans. Our political leaders need to strengthen the African Union; and we as business leaders must complement their efforts by deepening commercial linkages across the continent.”

On his part, Ethiopian Investment Holdings CEO Brook Taye noted Ethiopia’s commitment to  fostering private sector growth.

“The Government of Ethiopia is pleased to see Dangote Group expanding its foot print in the country, Brook said,” adding that Ethiopia is undergoing an economic transformation that prioritizes industrialization, investment and job creation.

Furthermore, he stated that Dangote Group’s investment expansion is a signal of confidence in Ethiopia’s business environment, contributing significantly to the infrastructure and economic growth of the country.

In this respect, the investments of the group, including the expansion into Ethiopia’s sugar and fertilizer industries, would solidify its position as Africa’s leading cement producer and have a significant economic impact on job creation, agricultural productivity and industrial development in the country.