Aliko Dangote, Africa’s richest man, has 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, Bloomberg reported.
This 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, the report recalled.
“Despite the ups and downs, we have successfully repaid all our loans and repatriated our profit,” the Dangote Industries Ltd. chairman and chief executive officer told reporters on Saturday in the Ethiopian capital, Addis Ababa.
