Africa’s richest individual is substantially boosting his investment in an Ethiopian fertiliser complex, pushing the total beyond $4 billion and positioning Ethiopia as the second-largest recipient of funds from the Dangote Group.
In addition to a two-million-ton NPK fertiliser blending plant, Aliko Dangote plans to construct a 110 km (68-mile) natural gas pipeline, a 120-megawatt power plant, and a polypropylene packaging facility, as he announced to reporters in Gode town, situated in Ethiopia’s southeastern Somali region.
“They will represent nearly 9% of our total investment across Africa from now until 2030,” he noted on Sunday, referring to Ethiopia.
The facility, being developed in collaboration with Ethiopian Investment Holdings, the government’s investment arm, is expected to have a production capacity of three million tons of urea and is anticipated to be operational by 2027.
Dangote expressed his intention to set up blending plants for various fertiliser types in at least 20 countries. “Our aim is to be the leading supplier of fertiliser across the entire African continent,” he stated.
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