Dangote Group is set to play a transformative role in Ethiopia’s industrial and agricultural sectors, with plans to expand its cement production and invest in sugar and fertilizer industries.

Speaking at a press briefing, Chairman and CEO Aliko Dangote highlighted the company’s commitment to Ethiopia’s economic development, emphasizing that the country remains Dangote’s most promising investment destination.

As part of its expansion strategy, Dangote Group will double the production capacity of Dangote Mugher Cement from 2.5 million tons to 5 million tons per year by establishing a new greenfield grinding unit near Addis Ababa. This move is expected to significantly contribute to Ethiopia’s infrastructure growth and the availability of high-quality cement for construction projects.

Beyond cement, the conglomerate is broadening its impact by entering Ethiopia’s sugar sector. Leveraging its extensive experience in Nigeria, Dangote Group will enhance operations at Omo Kuraz Sugar Company, bringing expertise in large-scale sugar production to boost the industry.

Looking ahead, Dangote also expressed interest in establishing a urea production plant in Ethiopia once the country’s natural gas reserves are fully developed. This would support Ethiopia’s agricultural sector by ensuring a stable supply of fertilizer, increasing productivity, and reducing dependence on imports.

Commending Ethiopia’s improving investment climate, Dangote reaffirmed his belief in Africa’s potential and the need for African business leaders to drive the continent’s economic transformation.

“Africa will be developed by Africans,” he stated. “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.”

Ethiopian Investment Holdings CEO Brook Taye welcomed Dangote Group’s decision to expand its footprint in Ethiopia, emphasizing the country’s commitment to fostering private sector growth and industrialization.

“Ethiopia is undergoing an economic transformation that prioritizes industrialization, investment and job creation.“ he noted, adding that Dangote’s investments signal strong confidence in Ethiopia’s business environment.

With its latest initiatives, Dangote Group is poised to strengthen Ethiopia’s industrial base, create jobs, and contribute to the country’s long-term economic growth.