Dangote Launches $2.5B Fertilizer Plant

Aliko Dangote launched a $2.5 billion fertilizer complex in Ethiopia in partnership with Ethiopian Investment Holdings. The facility will produce three million tonnes of urea annually, aiming to make Ethiopia a regional fertilizer hub. Prime Minister Abiy Ahmed praised the project for fostering industrial growth. Dangote said the complex will create jobs, enhance food security, and position Ethiopia as a leading agricultural nation in Africa within five years.