HornCurrent.com | Addis Ababa
Ethiopia has taken a major step forward in its journey toward food security and agricultural transformation. On [date], Ethiopian Investment Holdings (EIH) signed a Fertilizer Complex Shareholder Investment Agreement with Dangote Industries Limited. The historic $2.5 billion deal was announced by Prime Minister Abiy Ahmed.
The mega project is designed to produce up to 3 million metric tons of fertilizer annually, a capacity that will position Ethiopia among the world’s leading fertilizer producers.
“Today’s agreement marks another milestone in our journey toward food security and agricultural transformation,” Prime Minister Abiy Ahmed stated, congratulating all Ethiopians on this achievement.
National and Continental Impact
The project is expected to:
- Create thousands of local jobs.
- Provide farmers with a reliable and affordable supply of fertilizer—ending decades of shortages and import dependency.
- Significantly increase agricultural productivity and move Ethiopia closer to food sovereignty.
- Strengthen Ethiopia’s competitiveness within Africa by anchoring strategic investments in critical sectors.
A Historic Journey Begins
Officials confirmed that following today’s signing ceremony, the factory construction will officially launch at the designated site. Once operational, the complex will not only support Ethiopia’s farmers but also drive broader economic growth and sustainability.
“We have started this historic journey,” PM Abiy remarked. “And we will finish it—for our farmers, for our economy, and for Ethiopia’s future.”
