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Equity/Debt financial arrangment for Habesha Cement S.C

The agreement is made between the two parties in Addis Ababa on July, 1, 2011. As per the agreement, Habesha Cement SC is looking for equity and/or debt financing for the realization of its 3,000 ton clinker per day cement project to be erected close to Holeta town in Ethiopia. The share company on its part has also agreed to float share for the public in search of the said finance.

Infra financial industries plc has agreed on its part, using its professional skill willing and capable of looking for equity debt financiers arranging, mediating and soliciting with pertinent equity financer.

The media is to learn that the proposed project cost estimated at just over ETB 2.1billion Birr involves the Engineering, procurement and construction of the project on turnkey development basis by the Northern heavy Industries of China for a complete cement manufacturing plant.

The agreement was signed by Moab Merid Group Executive Director of Infra Group and Ato. Mesfin Abi CEO of Habesha Cement SC.

For more information contact:

Corporate Communication Officer-Infra Group
Email:   pr@infragroup.net