Dangote, Ethiopia to Build 2.5bn Fertiliser Plant
Ethiopian Investment Holdings EIH, the strategic investment arm of the Government of Ethiopia, and Dangote Group have signed a comprehensive shareholders' agreement to develop, construct, and operate a world-class urea fertilizer production complex in Gode, Ethiopia.
Under the partnership structure, EIH will hold a 40 equity stake while Dangote Group will maintain 60 ownership of the project that represents one of the largest industrial investments in Ethiopian history.