President of Dangote Industries Limited, Aliko Dangote, received a warm welcome in Gode, Ethiopia, where he was hosted by Prime Minister Dr. Abiy Ahmed.
Both leaders visited the site of a proposed fertilizer plant to assess ongoing construction. Ethiopia signed a shareholders’ agreement with the Dangote Group in August last year to establish a urea plant with an annual capacity of three million metric tonnes.
Dangote announced an increase in the investment from $2.5 billion to over $4 billion, reflecting an expanded scope that now includes a 110-kilometer pipeline, a 120-megawatt power plant, a polypropylene packaging facility, and a two-million-tonne NPK blending plant.
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 potential impact on farmers, job creation, and broader economic growth.
The project reinforces the Dangote Group’s ongoing commitment to industrial development across Africa.
