The Ethiopian government has signed a $2.5 billion shareholder investment agreement with Dangote Group to establish a large-scale fertiliser complex, a project officials say will boost food security and transform the country’s agriculture.
Prime Minister Abiy Ahmed announced the deal on Thursday, describing it as a “milestone” for Ethiopia’s economy. The facility is expected to produce up to three million metric tons of fertiliser annually, which would place Ethiopia among the world’s top producers.
“This project will create jobs, guarantee a reliable fertiliser supply for our farmers, and mark a decisive step toward food sovereignty,” Abiy said.
Ethiopia currently relies heavily on imports to meet domestic demand. The new plant, according to officials, will reduce dependence on foreign supply chains while strengthening the agricultural sector of Africa’s second-most populous nation.
Aliko Dangote, president of the Dangote Group, has consistently pushed for Africa’s self-sufficiency in fertiliser production. In June, he projected the continent could achieve full independence in fertiliser supply within 40 months.
The Ethiopian government said the investment also signals its commitment to strategic partnerships that enhance competitiveness across Africa and secure long-term economic growth.
