European funding helps launch Ethiopia’s largest cement plant

23 February 2012

The FINANCIAL - February 22, 2012

Production from the recently opened Derba MIDROC Cement Factory in Ethiopia, part funded by the European Investment Bank, will reduce cement costs and end shortages of cement in Africa’s fourth biggest economy.

Derba MIDROC Cement Plc, Ethiopia’s biggest cement factory will produce 8,000 tons a day and reduce the need for landlocked Ethiopia to import building materials essential for continued growth of construction, housing and infrastructure in the country.


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