Latest news

Dangote raises Ethiopia fertiliser investment to $4 billion


The President of Dangote Industries Limited, Aliko Dangote, received a hero’s welcome in Gode, Ethiopia, on a visit tied to his group’s fertiliser plant project in the country.

He was hosted by Prime Minister Abiy Ahmed, and both men visited the construction site of the proposed facility on Sunday.

Ethiopia signed a shareholders’ agreement with Dangote Group in August last year for the establishment of a urea plant with an annual production capacity of three million metric tonnes.

Construction was officially launched in October 2025. The joint venture is structured with Dangote holding 60 per cent and Ethiopian Investment Holdings, 40 per cent.

Dangote announced an increase in the project’s total investment from $2.5 billion to over $4 billion.

The Dangote Group statement read, “Dangote announced an increase in investment from $2.5 billion to over $4 billion, reflecting expanded scope, including a 110km pipeline, a 120MW power plant, a polypropylene packaging facility, and a two-million-tonne NPK blending plant.”

Abiy, who accompanied Dangote on the site visit, described the project as central to Ethiopia’s development agenda.

Aliko Dangote and Ethiopian Prime Minister Abiy Ahmed during the visit. Photo: Abiy Ahmed

The prime minister said in a statement, “This initiative represents far more than infrastructure. It is a strategic investment in Ethiopia’s agricultural transformation, food security, industrial growth, and economic self-reliance.”

He said the plant would deliver broad national benefits upon completion.

“Once completed, the fertiliser plant will play a vital role in strengthening local production capacity, reducing dependence on imports, supporting millions of farmers, and creating new opportunities for jobs and investment,” he said.

Abiy said he was encouraged by what he observed on the ground.

“This morning, together with Aliko Dangote, I visited the project site in Gode to assess the progress achieved so far. I am encouraged by the steady momentum across the project area.

“Construction activities are advancing as planned across multiple sections of the site, reflecting the strong commitment and collaboration driving this important national project forward,” he stated.

The Dangote Group statement added, “The project reinforces Dangote Group’s commitment to industrial development across Africa.”

Aliko Dangote and Ethiopian Prime Minister Abiy Ahmed during the visit. Photo: Abiy Ahmed

Tags :

Related Posts

Must Read

Popular Posts

The Battle for Africa

Rivals old and new are bracing themselves for another standoff on the African continent. By Vadim Samodurov The attack by Tuareg militants and al-Qaeda-affiliated JNIM group (Jama’a Nusrat ul-Islam wa al-Muslimin) against Mali’s military and Russia’s forces deployed in the country that happened on July 27, 2024 once again turned the spotlight on the activities...

I apologise for saying no heaven without tithe – Adeboye

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...