Dangote Increases Ethiopia Investment to $4 Billion

Alhaji Aliko Dangote, President of Dangote Group, announced a substantial increase in the company's investment in Ethiopia, raising it from $2.5 billion to $4 billion. This announcement was made during a high-profile visit to the Somali Region of Ethiopia, where he was accompanied by Prime Minister Abiy Ahmed.

The investment aims to bolster food security across Africa through large-scale fertilizer production. Dangote emphasized the need for Africa to overcome food insecurity challenges by improving access to agricultural inputs.

The investment will include critical infrastructure such as a 110-kilometer pipeline, a 120 MW power plant, and a facility for producing two million tons of NPK blend fertilizer. This initiative is expected to create extensive employment opportunities and strengthen the agricultural value chain in Ethiopia, positioning the country as an emerging agro-industrial hub in Africa.

Dangote's total investment in Ethiopia now exceeds $4 billion, making it the second-largest recipient of investment in Africa.