Somali, Aug. 28, 2025 – Aliko Dangote, the Chairman of Dangote Group, has sealed a $2.5bn deal to with the Ethiopian Government to build a fertiliser plant in Ethiopia.
The plant is to be one of the world’s largest single-site fertiliser plant in the world.
The Dangote Group signed the agreement on Thursday with Ethiopian Investment Holdings (EIH), the government’s strategic investment arm.
Under the agreement, Dangote Group will hold 60 per cent stake, while EIH will retain 40 per cent.
EIH, in a statement on Thursday, said the plant would rank among the top five largest urea production complexes globally with a combined capacity of up to three million metric tonnes per annum.
“The ambitious project will establish one of the world’s largest single-site urea fertilizer production complexes, with production facilities boasting a combined capacity of up to three million metric tons per annum,” EIH said.
The project, which is expected to be completed within 40 months, will also feature pipelines to transport natural gas from Calub and Hilala gas fields, with provisions for future expansions into ammonia-based fertilisers.
Brook Taye, the Chief Executive of EIH, said: “This landmark agreement with Dangote Group marks a significant milestone in Ethiopia’s journey toward industrial self-sufficiency and agricultural modernization.
“As the strategic investment arm of the Government of Ethiopia, EIH is proud to secure a 40% stake in what will be one of the world’s largest urea production facilities.”
Taye said the project would ensure energy security, boost productivity, and deliver tremendous value to Ethiopian farmers.
Dangote also said the venture aligned with his vision to industrialise Africa.
“This partnership with Ethiopian Investment Holdings represents a pivotal moment in our shared vision to industrialize Africa and achieve food security across the continent.
“We are committed to bringing our decades of experience in large-scale industrial projects to ensure this venture becomes a cornerstone of Ethiopia’s industrial transformation and a catalyst for agricultural productivity throughout the region.” he said.
