Dangote Raises Ethiopia Investment to Over $4 Billion for Fertilizer Plant

Nigerian industrialist Aliko Dangote has announced a major increase in his conglomerate’s investment in Ethiopia, raising the total commitment from $2.5 billion to over $4 billion. The announcement was made during a high-profile visit to Gode, in Ethiopia’s Somali region, where Dangote was hosted by Prime Minister Abiy Ahmed.

The expanded investment is linked to a large-scale fertilizer plant project currently under construction. The new scope includes significant supporting infrastructure: a 110-kilometer gas pipeline, a 120-megawatt power plant, a polypropylene packaging facility, and a two-million-tonne NPK fertilizer blending plant. Dangote stated that Ethiopia is now the second-largest recipient of his group's investments in Africa, accounting for nearly nine percent of its continental outlay planned through 2030.

During the visit, Prime Minister Abiy personally accompanied Dangote on an inspection tour of the construction site. The project, based on a shareholders agreement signed in August 2025, is a joint venture with Dangote Group holding a 60 percent stake and Ethiopian Investment Holdings holding 40 percent. It aims to produce three million metric tonnes of urea...