Cement prices in Ethiopia have dropped

ShimelesWolde, director of the Chemical Development Department, said: The price of 100 kg of cement in Ethiopia has dropped from the original 500 to the current 240.

The Ministry of Industry stated that as the number of cement plants has risen to 15, the cost of cement has dropped significantly. Shimeles said that the current domestic cement production capacity has reached 7.84 million tons, of which 5.3 million tons have been put into the market.

Do not forget that Ethiopia has issued a permit for foreign investment in cement projects. According to a directive from the Ethiopian investment agency, the Ethiopian government will no longer accept the new cement plant project.

Shimeles stated that the ban was mainly aimed at avoiding unnecessary competition. At present, more than 40 cement companies in Ethiopia have already passed the approval. At present, there are 22 cement companies that are actively constructing factories or have begun operating operations. The priority is to support those companies that have passed approval but have not yet commenced operations.

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