Cement exports earn Ethiopia US$9.5 million

Exports of cement from Ethiopia to neighbouring African countries earned US$9.5 million in the last budget year, according to reports. Various news sources cite Solomon Yohannes, Cement and Related Products Industry Development Directorate Director at the Chemical and Construction Input Institute, who says the figure has grown by US$9 million since the previous fiscal year. Yohannes is also reported to have said that the local demand for cement in Ethiopia is being met, adding that in the current budget year revenue from exports is likely to meet US$15 million.

Earlier this year we reported that the Ethiopian cement industry was behind on its target to achieve a ten-fold increase in cement production between 2010 and 2015, though several new players are entering the market and existing producers are expanding. The Ethiopian construction industry is booming as the government pours money into infrastructure projects. In June, the Chemicals and Construction Materials Development Institute announced that two new cement plants are due to come online in October, bringing cement production capacity to 15.7 million tpa.

Edited from various sources by Katherine Guenioui

Sources:

• 2Merkato
• AllAfrica

Read the article online at: https://www.worldcement.com/africa-middle-east/16092014/cement-exports-earn-ethiopia-9-5-million-dollars-488/