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Dangote Secures Gas Deal for Major Fertiliser Project


Dangote Secures Gas Deal for Major Fertiliser Project

Dangote Industries has signed a long-term natural gas supply agreement worth 4.2 billion dollars with China’s GCL Group to support a major fertiliser project. The 25-year deal will supply gas to a planned urea fertiliser plant in Gode, located in Somali Region. The facility is being developed by Dangote Group, which holds a 60pc stake, in partnership with Ethiopian Investment Holdings, which owns the remaining 40pc. The plant is expected to become operational by 2029 and is projected to be the largest fertiliser facility in East Africa once completed. The project is positioned as a strategic response to the country's persistent fertiliser shortage, which continues to constrain agricultural productivity. It aims to strengthen domestic supply, reduce reliance on imports, and support broader food security goals.

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Radar

Federal Prosecutors Accuse Public Officials, Contractors of Corruption, Alleged Illicit Fund Transfers

Federal prosecutors have filed corruption and money laundering charges against 11 defendants, including Nigstu Bogale, Coordinator of the Development Project for Response to the Impact of Refugees in the Horn of Africa at the Ministry of Agriculture, Biniyam Fantaye and Taye Habte, senior irrigation engineers involved in the Development Response to Displacement Impacts Project (DRDIP-II), as well as private individuals and construction company representatives. The case alleges losses and illicit...


Radar

EIH Transitions to New Headquarters as It Oversees Major State-Owned Enterprises

Ethiopian Investment Holdings (EIH) is relocating its headquarters from its current site on General Wingate Street. The former headquarters was located behind the Ministry of Industry and near Abrehot Library. The new office is expected to be on Mozambique Street, along the route from Mexico Square to Bulgaria Road. The building belongs to one of EIH's subsidiaries, and all departments are set to move there as interior design and finishing works continue. Under the leadership of Brook Taye...


Radar

Import Substitution Push Lifts Domestic Manufacturing, Industrial Recovery

A push for import substitution and industrial expansion has prioritised 96 strategic products for local manufacturing. The “Ethiopia Tamirt” initiative reports 4.85 billion dollars in savings, supported by trade fairs linking local producers to domestic and international markets. On average, 700 new projects enter the market annually, contributing to more than 2,800 investments over four years. At the grassroots level, 18,000 SMEs have been established, while 993 dormant factories have...