Aliko Dangote, Africa’s richest man, has announced a significant investment of $400 million to revive a second production line at the Mugher cement plant in Ethiopia. 

Despite past security challenges, Dangote Cement is expanding its operations in the East African nation. The expansion, expected to be completed within 30 months, will double the plant’s capacity to 5 million metric tons annually.

The Mugher plant, one of Dangote’s cement plants operational in 10 countries across the continent, has faced violence and political instability in the past. However, Dangote has confirmed that the company has successfully repaid all its loans and repatriated its profit.

In addition to the cement plant expansion, Dangote has also revealed plans for a new greenfield cement grinding unit with a capacity of 3 million tons per annum.

Furthermore, in partnership with state-owned Ethiopian Investment Holdings, Dangote’s company will invest in the Omo Kuraz sugar factory.