Dangote Boosts Ethiopia Fertilizer Investment to $4 Billion

Aliko Dangote, the founder of Dangote Group, received a hero's welcome during his visit to Ethiopia, where he announced an increase in his fertilizer investment from $2.5 billion to $4 billion. This investment is part of a joint venture established in August 2022 to construct a urea plant with an annual production capacity of three million metric tons, officially launching in October 2025.

The joint venture structure allocates 60% ownership to Dangote Group and 40% to Ethiopian investors. The expanded investment will also include a 110km pipeline, a 120MW power plant, and a two million ton NPK blend plant.

Prime Minister Abiy Ahmed accompanied Dangote on a site visit, emphasizing the project's significance to Ethiopia's development agenda, infrastructure strategy, and agricultural transformation. Upon completion, the fertilizer plant is expected to strengthen local production capacity, reduce import dependency, support millions of farmers, and create new job opportunities.