Ethiopia to continue to support cement investments
Ethiopia will continue to offer investors in the cement industry attractive incentives as it seeks to dominate the cement trade in the wider East African region.
Cement production in the Horn of Africa nation has increased tenfold during the past decade, owing to the entry of new investors attracted by incentives like cheap electricity, government-provided land and tax incentives.
“Government will continue to support investors in the cement industry by providing them with clean energy, logistics infrastructure and human resources, among others, to help them become competitive in the international market,” said Prime Minister Hailemariam Desalegn when he commissioned a plant owned by Habesha Cement, a joint venture involving South Africa’s Industrial Development Corporation and Pretoria Portland Cement, as well as local shareholders. It is the newest cement factory in the country.
The Habesha plant’s commissioning increased Ethiopia’s cement production capacity to 16.4-million tons a year, ten times more than ten years ago. The production surge has enabled the country to not only meet its domestic needs but also export to neighbouring countries.