After building refinery, Dangote set to build another big factory in Ethiopia

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  • Dangote Industries and Ethiopia person signed a $3 cardinal statement to found a ample fertiliser installation successful the Somali Regional State, aimed astatine boosting cultivation output and stabilising determination proviso chains
  • The mill volition nutrient nitrogen and urea-based fertilisers for some home and export markets, strategically located adjacent the logistics corridor betwixt Ethiopia and Djibouti
  • This enlargement follows Dangote Fertiliser’s occurrence successful Nigeria and aims to fortify its presumption successful Africa's fertiliser manufacture portion supporting determination cultivation growth

Legit.ng writer Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.

Dangote Industries and Ethiopia person reached a important statement for the constitution of a ample fertiliser installation successful the Somali Regional State. The $3 cardinal task aims to boost cultivation output, which has precocious been hindered by fertiliser shortages, and stabilise determination proviso chains.

Dangote Moves to Build Largest Fertilizer FactoryDangote Industries and Ethiopia person signed a $3 cardinal statement to found a ample fertiliser facility. Photo Credit: Dangote Ferticliser
Source: Getty Images

The projected mill volition nutrient nitrogen and urea-based fertilizers for some home and export markets. It volition beryllium strategically located adjacent the logistics corridor betwixt Ethiopia and Djibouti, providing easier entree to ports for importing earthy materials and exporting the finished fertiliser.

Tribune reported that this task aligns with Ethiopia's extremity of decentralising economical enactment and attracting concern to historically disadvantaged areas,.

Last month, the Dangote Group acceptable an ambitious extremity to summation regular shipments to 16,000 tons wrong the adjacent 2 years and gain up to $7 cardinal from fertiliser exports.

Dangote Fertiliser, Africa’s largest granulated urea fertiliser complex, already has a singular accumulation capableness of 3 cardinal metric tons per year. The mill has played a important relation successful supporting Nigeria's cultivation economy and reducing the country’s dependence connected overseas fertilisers.

In a bid to fortify its presumption successful the African fertiliser industry and guarantee proviso stability, Dangote is expanding into Ethiopia to enactment determination cultivation growth.

Dangote prepares for NGX listing

Legit.ng reported that the richest antheral successful Africa, Aliko Dangote, is preparing to instrumentality Dangote Fertiliser Limited public, 1 of his astir ambitious businesses.

The institution is acceptable to debut connected the Nigerian Exchange (NGX), perchance valuing it astatine implicit $3 billion.

This offering could drastically reshape the concern and cultivation scenery of the nation.

The fertiliser works is already the largest of its benignant successful Africa, covering 500 hectares successful Ibeju Lekki, Lagos. However, marketplace size and terms aren’t the lone factors astatine play here. It’s portion of a broader extremity Dangote has been softly pursuing for years: reducing Africa's dependence connected imports and reviving section industry.

Dangote Moves to Build Largest Fertilizer FactoryDangote fertiliser works is already the largest of its benignant successful Africa. Photo Credit: Dangote Fertilizer
Source: UGC

The nonsubjective involves lowering section costs, enabling blends to beryllium tailored for assorted ungraded types, and unlocking export opportunities crossed the region.

This larger extremity extends beyond expanding production; it besides aims to assistance Nigeria go self-sufficient and adjacent proviso its neighbours by reducing the nation's dense reliance connected imports.

Dangote Refinery plans to merchantability shares to Nigerians

Legit.ng reported that the Nigerian Exchange Group (NGX) is actively preparing for the listing of Dangote Petrochemicals, with the people acceptable for the 2nd 4th of 2025.

Africa's richest antheral is said to person applied to database the institution publicly, giving Nigerians a accidental to go part-owners done investments.

Umaru Kwairanga, NGX Chairman, successful a connection connected Friday, June 6, said that the anticipated listing aligns with President Bola Tinubu’s economical agenda, which aims to grow Nigeria’s Gross Domestic Product (GDP) to $1 trillion by 2030.

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Source: Legit.ng

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