Dangote to Build $3bn Fertiliser Plant in Ethiopia
Aliko Dangote, president and chief executive of Dangote Industries Limited, has announced a $3 billion strategic agreement with the Ethiopian government to build a fertiliser plant in Gode, Somali Region.
“This project is not just an investment; it is a strong commitment to Ethiopia’s agricultural self-sufficiency and regional economic integration. Given the country’s supply challenges, including a high dependence on imports from Morocco and Russia, urgent action was needed,” he said late Tuesday night on social media platform LinkedIn.
The goal is to locally produce urea and nitrogen fertilisers to meet the needs of Ethiopian farmers while stimulating growth throughout East Africa, according to Africa’s richest man.
He said the city of Gode, located on the strategic Ethiopia-Djibouti axis, will become a new industrial hub, in line with Prime Minister Abiy Ahmed’s vision and the ambitions of the Homegrown Economic Reform II program.
“At Dangote Industries, we believe in the continent’s potential. Following our success in the cement sector in Ethiopia, this new initiative marks a decisive step in our expansion in East Africa,” Dangote said. “Africa must feed Africa. Together, we will strengthen food security, create jobs, and build a prosperous future for generations to come.”
