Africa’s Richest Man Plans $400 Million Expansion of Ethiopia Cement Plant

Aliko Dangote, Africa’s richest man, announced a $400 million plan to revive a second production line at the Mugher cement plant in Ethiopia, aiming to double the facility’s annual capacity to 5 million tons.

The Ethiopian plant that became operational in 2015 has faced challenges, including recurrent violence in the region, which has led to the vandalism of vehicles and machinery by protesters. The country manager of Dangote Cement Plc and two other staff were shot dead in 2018.