Ethiopia tops Dangote’s list as most profitable cement market
Early this year, Dangote registered two companies in Kenya as an entry into the region’s largest cement market: Dangote Cement Kenya Ltd for cement production and Dangote Quarries Kenya Ltd for limestone mining. PHOTO | FELIX MIRING'U | NMG
Ethiopia has emerged as the most profitable market for Dangote Cement, which sold 1.7 million tonnes there, pushing its sales volume across Africa by 7.5 per cent to seven million tonnes.
And now, the firm has entered into an agreement with the Industrial and Commercial Bank of China to finance the construction of two cement plants in Kenya, which should be operational by the end of 2021.
