Dangote Expands Ethiopia Investment to $4bn
President of the Dangote Group, Aliko Dangote, has announced plans to expand the company’s investment in Ethiopia from $2.5bn to over $4bn, reinforcing its commitment to industrialisation and food security across Africa.
Dangote made the disclosure in Gode, Somali region of Ethiopia, during a visit hosted by Prime Minister Abiy Ahmed, who accompanied him on an inspection of a fertiliser plant under construction.
The expanded portfolio includes a 110km gas pipeline, a 120MW power plant, a polypropylene packaging facility, and a two-million-tonne NPK blending plant, among other projects.
Dangote said: “Africa holds immense agricultural potential, yet continues to grapple with food insecurity due to limited access to fertiliser. Through our investments, we are committed to reversing this trend by boosting productivity, empowering farmers, and advancing a sustainable path to food self-sufficiency.”
He stressed that Africa can feed itself and even export agricultural products if adequate investments are made in fertiliser and infrastructure.
Ethiopia, he noted, is now the second-largest recipient of Dangote Group investments in Africa, accounting for nearly 9% of its continental portfolio by 2030.
Dangote praised Prime Minister Abiy Ahmed’s economic reforms, saying: “The Prime Minister is driving development beyond expectations, but such progress requires strong private sector collaboration. We are proud to partner with Ethiopia to help build one of Africa’s most dynamic economies in the coming decade.”
Abiy Ahmed described Dangote as a trusted partner, noting that the fertiliser project would reduce Ethiopia’s dependence on imports, support millions of farmers, create jobs, and strengthen the country’s agro-industrial hub status.
“This type of large-scale investment demonstrates the power of strong collaboration between government and the private sector. Expanding such partnerships will accelerate economic growth, attract further investment, and improve livelihoods,” he added.