WorkuAyetenew

Ethiopian Investor Plans US$1bn Cement Plant

Ethiopian Investor Plans US$1bn Cement Plant

Worku Ayetenew, a wealthy Ethiopian investor, wants to build a US$1bn cement plant. Mr Ayetenew is seeking a partner for the new cement factory, while he has already requested to lease 150ha of land for the construction of the plant, which is located around Dejene town, Amhara National Regional State, 230km away from the capital. Six companies have already been shortlisted by the company to pick suppliers for the design, supply, construction, erection and commissioning of the plant. “We have already finalised preparations to complete the construction in the next two years,” said Kassim Siraj, project manager of the plant,…
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