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 shares 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, meditating, and soliciting with pertinent equity financers.

The media is to learn that the proposed project cost estimated at just over ETB 2.1 billion 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