Africa’s top billionaire Aliko Dangote foresees Ethiopia’s industrial transformation from import dependence to export strength, signals further investment

Aliko Dangote said Ethiopia is set to shift from reliance on imported industrial inputs to greater self-reliance and export capacity, projecting that the country will become a fertilizer exporter starting in 2029. Speaking at the groundbreaking of the Ethiopia-Djibouti petroleum products infrastructure project, he signaled continued Dangote Group investment in Ethiopia and reiterated a target of investing 50 billion US dollars across Africa by 2030.

Aliko Dangote says Ethiopia is set to shift from relying on imported industrial inputs to becoming an export powerhouse, projecting the country will begin exporting fertilizer in 2029. Speaking at the groundbreaking of the Ethiopia-Djibouti petroleum pipeline and storage project, he signaled Dangote Group's continued interest in expanding its investments there as part of a planned $50 billion across Africa by 2030.