Ethiopia’s government has entered into a $2.5 billion agreement with the Dangote Group to establish a major fertiliser manufacturing facility, according to a statement from Prime Minister Abiy Ahmed Ali.
He announced that this large-scale project will yield up to three million metric tons of fertiliser annually, positioning Ethiopia among the world’s top producers.
“Congratulations to all Ethiopians on another milestone in our journey toward food security and agricultural transformation. Today, we signed the Fertilizer Complex Shareholder Investment Agreement between Ethiopian Investment Holdings and Dangote Group,” he stated.
The Prime Minister added, “With an investment of $2.5 billion, this mega project will produce up to 3 million metric tons of fertilizer annually, placing Ethiopia among the largest producers globally. This project will create jobs locally, ensure a reliable fertilizer supply for our farmers who have long faced challenges, and mark a decisive step in our path to food sovereignty.”
He further emphasized that the initiative will bolster Ethiopia’s regional competitiveness and reflects the nation’s dedication to strategic investments that benefit Ethiopians and secure their future.
Earlier statements from Dangote Group, expressed in June, indicated he expects Africa to achieve fertiliser self-sufficiency within 40 months.
And on May 26, he projected that Dangote Industries Limited aims to generate $7 million in daily revenue from the sale of fertiliser in the next two years.
