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Operational Review Ethiopia We plan to double the size of our 2.5Mta plant in Mugher to serve Ethiopia’s expanding cement market from this ideally situated plant, just 90km from Addis Ababa, Ethiopia’s main centre of demand. Kenya Kenya is high on our priorities and we plan to build two plants of 1.5Mta each, near Nairobi and Mombasa, to serve the local market. We hope to be operational in Kenya by 2020/21. Zambia Zambia represents an attractive long-term market and we will eventually increase our presence there, either by extending our 1.5Mta plant in Ndola, or by building a second plant of similar size near the capital, Lusaka. Zimbabwe Zimbabwe is a market that has potential in the longer term and so is a lower priority for us than some other African countries, where we can capitalise on growth in the nearer term. However, we are likely to build a 1.5Mta plant there to open by 2023. Nepal Given the difficulty in obtaining foreign currency to fund our expansion, it is likely that our plans to open in Nepal will be delayed by some years. However, we remain committed to establishing a manufacturing base in what is potentially an exciting growth market. Annual Report 2016 69

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