Dangote Increases Ethiopia Fertilizer Plant Investment to $4B

Aliko Dangote, Africa's richest person and the founder of Dangote Group, has raised the planned investment in a fertilizer plant in Ethiopia to $4 billion, significantly expanding the scale of what is considered Africa's largest agricultural project. This announcement was made in a statement by Dangote Group on Sunday, May 18, 2026, during Dangote's latest visit to Ethiopia, where he met with Prime Minister Abiy Ahmed to inspect the project site.

Initially, the investment was expected to be $2.5 billion; however, the revised proposal nearly doubles the size of the project. The expansion includes major infrastructural support aimed at strengthening energy supply and logistics for downstream product capacity.

Prime Minister Abiy Ahmed described the project as a strategic investment that is expected to bolster Ethiopia's agricultural sector, improve food security, and reduce the country's dependence on imported fertilizer products. Construction activities at the site are reportedly progressing steadily, with expectations that the project will create jobs and contribute significantly to economic growth upon completion.