Dangote Group has announced an increase in investment from $2.5 billion to over $4 billion.
In a statement on Sunday, the Dangote Group said that the President of Dangote Industries Limited, Aliko Dangote, received a warm welcome in Gode, Ethiopia, where Prime Minister Dr. Abiy Ahmed hosted him.
The move reflected expanded scope, including a 110km pipeline, a 120MW 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 ongoing construction. Ethiopia had signed a shareholders’ agreement with Dangote Group in August last year to establish a urea plant with a capacity of three million metric tonnes annually.
Prime Minister Abiy described the project as a strategic initiative to boost agriculture, enhance food security, and reduce import dependence.
He noted steady construction progress and expressed confidence in its impact on farmers, job creation, and economic growth.
The statement added that the project reinforces Dangote Group’s commitment to industrial development across Africa.