Ethiopia has signed an agreement with Nigeria’s Dangote Group to construct a $2.5 billion fertiliser manufacturing plant, Prime Minister Abiy Ahmed announced on Thursday in a post on X.
The project, part of Nigerian billionaire Aliko Dangote’s wider push to end Africa’s reliance on fertiliser imports, will be located in Gode town in Ethiopia’s southeast and is expected to produce 3 million metric tons of fertiliser annually, Abiy said.
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The deal was signed between state-owned Ethiopian Investment Holdings (EIH) and Dangote Group, with Ethiopia holding a 40% stake and Dangote Group retaining 60%, according to EIH Chief Executive Brook Taye, who spoke at the signing ceremony in Addis Ababa.
In a statement posted on X, EIH quoted Dangote as saying the project represents a “shared vision to industrialise Africa and achieve food security across the continent.”
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Image Credit: Punchng
