Projects

W.A Cement Factory PLC

Project Overview:

W.A Cement Factory PLC is a dynamic industrial venture established to address Ethiopia's growing cement demand, driven by rapid infrastructure development. The company operates in cement production, granite mining, and gold mining, with a strong focus on sustainability and resource efficiency.

Key Highlights:

Cement Production: Core business aimed at bridging the supply-demand gap in Ethiopia's construction sector
Production Capacity: 12,000 tons per day of clinker production capacity.
Total Investment: estimated 1 Billion USD to be financed 70% by loan and 30% Equity
Strategic Location: Mining licenses secured in the Amhara National Regional State, ensuring access to high-quality raw materials.
Market Potential: Ethiopia's construction sector contributes 9.4% to GDP, with significant investments in dams, housing, roads, and irrigation systems.
Plant Site Area: 150 hectare land approved by Dejen Wereda, currently working with local government for leasing the land.

The project aligns with Ethiopia's industrial growth goals, leveraging local resources to boost domestic production and reduce reliance on imports.

Market Demand & Supply:

Supply-Demand Gap: Preliminary studies indicate a persistent shortfall in cement supply, with four new projects initiated in the past five years. One such project (Lemi Cement factory) reached full capacity quickly, highlighting strong market demand.

Growth Drivers:

Government investments in hydroelectric dams (e.g., Grand Ethiopian Renaissance Dam).
Urban housing projects and road infrastructure expansions.
Agricultural irrigation systems.

Raw Materials & Mining Licenses

W.A Cement Factory PLC holds large-scale mining licenses for essential raw materials, valid for 10 years (issued July 2025):

Limestone: We have a license for 12.45 km² in Kurare and Gelegele kebeles, Dejen Wereda.

License No: LSMIN 357072025

Clay: Our clay mining license covers 0.236 km² in Yetnora Kebele, Dejen Wereda.

License No: LSMIN 359/07/2025

Sandstone: With a 3 km² license area, our sandstone site is located in Kurare Kebele, Dejen Wereda.

License No: LSMIN 358072025

Gypsum: We hold a license for 2.58 km² covering Kurare & Gelegele Kebeles and Mushrit Dengay in Dejen Wereda.

License No: LSMIN 355052025

Volcanic Ash: Our volcanic ash site spans 0.56 km² in Sub-Town Teklehaimanot, Kebele 16, Debre Markos Town.

License No: LSMIN 356072025

Feasibility Confirmed:Laboratory tests confirm the suitability of all raw materials for cement production. The estimated reserve ensures sustainable supply of raw materials for more than 50 years.

View full licenses

WA Quarrying & Mining Operations

Granite Mining and Production

Granite Mining: Mining License secured and feasibility study completed.

Total estimated investment: 201 Million Birr @ 1USD = 51 birr
Factory site selection on progress.
Mining license No. LSMIN 1300322 valid for 10 years.
Mining location : East Gojjam,Wereda Gozamn,keble Mayangtam
Mining license Area : 199, 547 m2 :
Internal Rate of Return (IRR): 38%

Gold exploration & mining

Gold Mining: holds two exploration licenses (Federal & Local) in Zigem Wereda, Awi Zone, Amhara Region

Exploration license issued by the Federal Democratic republic of Ethiopia Ministry of Mines :

Investment: 22,051,200 birrs
License no. MOM/EL/00085/2021
License Area : 15 KM²
Location : Amhara National Regional State ,Zone:Awi,Wereda:Zigem,Locality: Sale Dubbakichen Duban

Exploration license issued by the Amhara National Regional State Mines Resources Development Bureau.

Investment: 6,585,400 birrs
License no. EXP 420/2014
License Area : 10.15 KM2
Location : Amhara National Regional State ,Zone:Awi,Wereda:Zigem,Locality: Sale Dubbakichen
Current status : Exploration activity is on progress

With robust licenses, confirmed raw material reserves, and a clear market demand, the project is set for long-term success, aligning with national development priorities

WA Pharmaceutical, Glucose and Oxygen Production Plant

Pharmaceutical, Glucose & Oxygen Manufacturing: Project site secured, feasibility study completed.

Total Investment: 745 Million Birr: 30% (Birr 223.5M) Equity Contribution, 70% (Birr 521.5M) Bank Loan
Location: Bahir Dar Town, Amhara National Regional State, Ethiopia
Land Size: 30 hectares
Facilities: Modern production lines for medicines, surgical gloves, glucose, and oxygen
Internal Rate of Return (IRR): 32.5%
Net Present Value (NPV): Birr 849.5M (discounted at 12% over 10 years)
Employment: 1,525 permanent jobs and 804 temporary jobs

Vision:

To be one of the leading Pharmaceutical, Glucose, and Oxygen production centers in Ethiopia, known for reliable quality and customer trust.

Exploration license issued by the Amhara National Regional State Mines Resources Development Bureau.

Mission:

Produce and supply high-quality pharmaceutical, glucose, and oxygen products at competitive costs.
Establish a modern manufacturing unit serving national health sector needs.
Leverage opportunities in the medical supply industry to strengthen Ethiopia’s healthcare infrastructure.

With strong financial feasibility, secured land, and an experienced leadership team led by Ato Worku Aytenew, the project is positioned to meet both commercial success and national healthcare priorities.