By Ayomide Otitoju
The Dangote Group has increased its investment commitment in Ethiopia from $2.5 billion to more than $4 billion, underscoring its expanding industrial footprint across Africa.
According to a statement issued by the group on Sunday, President of Dangote Industries Limited, Aliko Dangote, received a warm reception in Gode, Ethiopia, where he was hosted by Ethiopian Prime Minister Abiy Ahmed.
The increased investment reflects the expanded scope of the project, which now includes a 110-kilometre pipeline, a 120-megawatt power plant, a polypropylene packaging facility, and a two-million-tonne NPK blending plant.
Both leaders visited the site of the proposed fertiliser plant to assess the level of ongoing construction. 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.
Prime Minister Abiy described the project as a strategic initiative aimed at boosting agriculture, strengthening food security, and reducing the country’s dependence on imports.
He noted that construction work was progressing steadily and expressed confidence that the project would support farmers, create jobs, and stimulate economic growth.
The statement added that the investment further demonstrates Dangote Group’s commitment to driving industrial development across the African continent.
