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Nigeria’s Dangote and Ethiopia to build $2.5 billion fertilizer plant

  • August 29, 2025
  • Dagmawi Zeleke

ADDIS ABABA, Aug 28 (Reuters) – Ethiopia has signed an agreement with Nigeria’s Dangote Group to build a $2.5 billion fertiliser manufacturing plant, Prime Minister Abiy Ahmed said on Thursday in a post on social media platform X.

The investment is part of Nigerian billionaire Aliko Dangote’s efforts to end Africa’s fertilizer imports.

To be located in Gode town in Ethiopia’s southeast, the plant will produce 3 million metric tons of fertilizer a year, Abiy said.

The agreement was signed by state-owned Ethiopian Investment Holdings (EIH) and Dangote Group.

Ethiopia will have a 40% stake in the venture while Dangote Group will own 60%, EIH Chief Executive Brook Taye said at the signing ceremony in Addis Ababa.

An EIH statement on X quoted billionaire Dangote as saying that the investment represented a “shared vision to industrialize Africa and achieve food security across the continent”.

Reuters

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