Dangote earns US$86m in revenues from Ethiopia

Dangote Cement earned revenues of more than US$85.8m from its plant in Ethiopia in the financial year that ended 8 July.

Export volumes of more than 2Mt contributed significantly to sales revenues, including some US$1m from export sales to Kenya and Djibouti, according to Tariku Alemayehu, Dangote Cement’s deputy director of sales and marketing.

Dangote Cement’s plant is located near the town of Muger, Oromia, some 85km west of Addis Ababa. Limestone reserves total around 223Mt. The 2.4Mta works is one of the largest cement plants in Ethiopia.