Africa’s richest man is boosting his investment in an Ethiopian fertiliser complex to over $4 billion, making the country the second-largest recipient of investments from the Dangote Group.
In addition to a two-million-ton NPK fertiliser blending plant, Aliko Dangote now plans a 110 km (68-mile) natural gas pipeline, a 120 megawatt power plant, and a polypropylene packaging facility, he told reporters in Gode town in Ethiopia’s southeastern Somali region.
“They are taking almost 9% of our entire Africa-wide investment between now and 2030,” he said Sunday, referring to Ethiopia.
The plant being developed jointly with Ethiopian Investment Holdings, the government’s investment arm, will have capacity for three million tons of urea and is expected to be operational by 2027.
Dangote said he plans to set up blending plants for various types of fertilisers in at least 20 countries. “We want to be the main supplier of fertiliser in the entire African continent,” he said.
