Dangote Group Expands Investment in Ethiopian Fertilizer Plant to $4 Billion, Enhancing Agricultural Capacity
The Dangote Group has increased its investment in Ethiopia's fertilizer plant project from $2.5 billion to over $4 billion. This expansion includes the development of a 110-kilometer pipeline, a 120-megawatt power plant, a polypropylene packaging facility, and a two-million-tonne NPK blending plant. The project, located in Gode, is set to produce 3 million metric tons of urea annually, making it one of the largest industrial investments in Ethiopia's agricultural sector. Prime Minister Abiy Ahmed and Aliko Dangote recently visited the site to assess the progress, which is advancing as planned. The initiative aims to bolster Ethiopia's domestic fertilizer production, reduce reliance on imports, and support millions of farmers, thereby enhancing agricultural productivity and economic self-reliance.