The Dangote Group, led by Nigerian billionaire Aliko Dangote, has scaled up its investment in an Ethiopian fertiliser plant to over $4 billion, a significant jump from the $2.5 billion announced last year.

The update was shared on Sunday via the conglomerate’s official X (formerly Twitter) account, following a site inspection by Aliko Dangote and Ethiopian Prime Minister Abiy Ahmed to assess the ongoing construction.

Expanded Project Scope
The multi-billion-dollar urea plant is designed to output 3 million metric tons annually and forms a core part of Dangote’s broader strategy to eliminate Africa’s reliance on imported fertiliser.

Under the terms of the initial agreement, the project is a joint venture between state-owned Ethiopian Investment Holdings, which retains a 40% stake, and the Dangote Group, which holds the remaining 60%.

According to the group’s statement, the budget increase accommodates an expanded project scope, which now features:

A 110-kilometer (68-mile) pipeline.

A dedicated 120-megawatt power plant.

An in-house polypropylene packaging facility.

A 2-million-ton NPK (nitrogen, phosphorus, and potassium) blending plant.