Ethiopia, RUSAL Advance Plan for $1 Billion Aluminium Smelter as MoU Signed
Addis Ababa — Ethiopian Investment Holdings (EIH) has signed a Memorandum of Understanding (MoU) with RUSAL, one of the world’s largest producers of low-carbon aluminium, to push forward plans for a major aluminium smelter in Ethiopia. The proposed plant will have an annual production capacity of 500,000 metric tons, positioning Ethiopia as a competitive player in both […]
Russian firm signs $1billion deal to develop 500,000-ton aluminium plant in Ethiopia
Ethiopia has taken a major step toward expanding its industrial base after a Russian company signed a $1billion agreement to build a 500,000-ton aluminium plant in the country. Russian aluminium producer RUSAL has taken a decisive step to expand its industrial footprint in Africa after signing a Memorandum of Understanding (MoU) with Ethiopian Investment Holdings […]