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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.

The Nigerian multinational industrial conglomerate owned by the Nigerian business tycoon Aliko Dangote, Dangote Group, disclosed it will double its investment in Ethiopia. Dangote made the announcement on Thursday, January 4, 2018, after holding a meeting with Ethiopia’s Prime Minister, Hailemariam Dessalegn.