To transform agricultural productivity in Africa, the Dangote Group and the Government of Ethiopia have sealed a partnership to construct a state-of-the-art urea fertilizer production complex in Gode, Ethiopia, reports NaijaAgroNet.
This landmark project, valued at up to $2.5 billion, aims to significantly enhance food security across the region.
The agreement, signed with Ethiopian Investment Holdings (EIH), the government's strategic investment arm, establishes a joint venture where the Dangote Group holds a 60% ownership stake, with EIH retaining 40%. The facility will have an annual capacity of 3 million metric tons, placing it among the top five largest urea plants in the world.
A key component of the project is the construction of dedicated gas transport pipelines from Ethiopia's Hilal and Calub reserves to the Gode plant. This will ensure a reliable and cost-effective supply of natural gas, a crucial feedstock for fertilizer production.
According to Aliko Dangote, President/CEO of the Dangote Group, this partnership is a "pivotal moment" in the collective vision to industrialize Africa and achieve food security. He noted that the project will leverage the company's extensive experience to become a cornerstone of Ethiopia's industrial transformation and a catalyst for agricultural growth.
Dr. Brook Taye, CEO of EIH, affirmed that the project is a significant milestone for Ethiopia's journey toward agricultural modernization. He stated that the new facility will not only boost national agricultural productivity but also position Ethiopia as a regional hub for fertilizer production.
The Gode fertilizer complex is expected to reduce Ethiopia's dependence on imports, boost crop yields for local farmers, and create thousands of jobs.
The agreement, signed with Ethiopian Investment Holdings (EIH), the government's strategic investment arm, establishes a joint venture where the Dangote Group holds a 60% ownership stake, with EIH retaining 40%. The facility will have an annual capacity of 3 million metric tons, placing it among the top five largest urea plants in the world.
A key component of the project is the construction of dedicated gas transport pipelines from Ethiopia's Hilal and Calub reserves to the Gode plant. This will ensure a reliable and cost-effective supply of natural gas, a crucial feedstock for fertilizer production.
According to Aliko Dangote, President/CEO of the Dangote Group, this partnership is a "pivotal moment" in the collective vision to industrialize Africa and achieve food security. He noted that the project will leverage the company's extensive experience to become a cornerstone of Ethiopia's industrial transformation and a catalyst for agricultural growth.
Dr. Brook Taye, CEO of EIH, affirmed that the project is a significant milestone for Ethiopia's journey toward agricultural modernization. He stated that the new facility will not only boost national agricultural productivity but also position Ethiopia as a regional hub for fertilizer production.
The Gode fertilizer complex is expected to reduce Ethiopia's dependence on imports, boost crop yields for local farmers, and create thousands of jobs.
The project also supports regional integration by providing a stable supply of fertilizers to neighboring countries, ultimately improving food security throughout East Africa.
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