Home » Ethiopia, Dangote Group Seal $2.5bn Fertilizer Complex Deal

Ethiopia, Dangote Group Seal $2.5bn Fertilizer Complex Deal

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Ethiopia has signed a landmark $2.5 billion investment agreement with the Dangote Group to establish a state-of-the-art fertilizer complex that will significantly boost the country’s agricultural sector.

The Fertilizer Complex Shareholder Investment Agreement, signed on Wednesday between Ethiopian Investment Holdings and the Nigerian conglomerate, is expected to produce up to three million metric tons of fertilizer annually. The project will position Ethiopia among the world’s largest producers.

According to officials, the mega project will not only guarantee a steady fertilizer supply for local farmers, who have long faced shortages, but also generate thousands of jobs and contribute to the country’s food security ambitions.

“This marks a decisive step in Ethiopia’s path to food sovereignty and agricultural transformation. It strengthens the nation’s competitiveness across the continent and reflects our commitment to executing strategic investments that serve our people and our future,” government representatives stated at the signing ceremony.

Following the agreement, the government announced that the official on-site launch of the project will take place soon, underscoring its determination to see the initiative through “for our farmers, for our economy, and for Ethiopia’s future.”

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