Dangote Seals $2.5 Billion Deal to Revolutionize Fertilizer Production in Ethiopia

Aliko Dangote, the wealthiest individual in Africa, has finalized a landmark $2.5 billion contract with Ethiopia’s government to establish a state-of-the-art fertilizer manufacturing facility. This ambitious project is poised to significantly transform Ethiopia’s predominantly agriculture-based economy by boosting local fertilizer production and reducing dependency on imports.

The development marks a pivotal step in enhancing agricultural productivity and food security in the region, aligning with Ethiopia’s broader economic growth strategies.