Ethiopia government has signed Fertilizer Complex Shareholder Investment Agreement with Nigeria’s Dangote Group, in a move that is set to transform the country into one of the world’s largest fertilizer producers.
Prime Minister Abiy Ahmed Ali announced that the project, valued at $2.5 billion, will have the capacity to produce up to three million metric tons of fertilizer annually.
“This project will create jobs locally, ensure a reliable fertilizer supply for our farmers who have long faced challenges, and mark a decisive step in our path to food sovereignty,” Abiy said.
He added that the mega investment underscores Ethiopia’s commitment to strategic projects that strengthen economic resilience.
“It strengthens Ethiopia’s competitiveness across the continent and reflects our commitment to executing strategic investments that serve our people and our future,” he noted.
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According to the Prime Minister, the agreement between Ethiopian Investment Holdings and Dangote Group will not only address chronic shortages that have long hampered agricultural productivity but also boost the country’s quest for food security.
Following the signing ceremony, authorities said the project will be officially launched on-site. Abiy reaffirmed his administration’s resolve to see the initiative through.
“We have started this journey, and we will finish it for our farmers, for our economy, and for Ethiopia’s future.”
