2merkato

The main Dam at the Kesem Kebena sugar irrigation project has successfully retained water. The current water reserve in the dam retained in the last weeks of the rainy seasons is enough to irrigate a 20 thousand hectare sugarcane plantation in the Afar Regional State said Alemayehu Tegenu, Minister for Water and Energy.

The Water Works Construction Enterprise has been working around the clock to finish the project by the end of the rainy season it was noted.

The dam which has the capacity to retain 500 million cubic meters of water will be completely finished in the coming weeks according to Alemayehu.

Dangote Group, Africa’s leading industrial conglomerate, has announced a major expansion in Ethiopia, reinforcing the country’s growing appeal as an investment hub.

Dangote Industries PLC applied for silica exploration license in Ethiopia. Silica is the major raw material for glass manufacturing. Dangote applied for the mining license to establish a glass manufacturing plant.

Dangote has also commenced work on cement manufacturing plant in Ethiopia. The cement factory, located in Mugher town, will have a production capacity of 1.5  tons per annum.

Dangote Industries Limited (DIL) has signed a 25 year natural gas supply agreement with China’s GCL Group to support a planned fertilizer project in Ethiopia.

The agreement, valued at USD 4.2 billion, was signed in Lagos and will supply gas to Dangote Group’s planned urea fertilizer plant in Gode, in Ethiopia’s Somali Region. The project is designed to produce 3 million tonnes of urea annually.

Aliko Dangote, the Nigerian billionaire who chairs the Dangote Group, said his company has been able to sustain 54,000 jobs in four African countries: Ethiopia, Nigeria, Senegal, and South Africa.