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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

Liquidity Relief, Reform Pressure Meet as World Bank Prepares Major Budget Support

The World Bank is set to approve a 1.45 billion dollar budget support package for the Ethiopian government on June 25, 2026. The announcement came alongside a high-level consultation at the Ethiopian Skylight Hotel, where leaders from the Ethiopian Chambers of Commerce and Sectoral Associations (ECCSA) met with private sector representatives and the National Council. The package follows an earlier 17 billion dollar credit and summer service support allocation. The institution has anchored key...


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Cabinet Approves 502b Birr Budget as City Returns to Federal Subsidy

The Addis Abeba City Cabinet has approved a 502 billion Br budget for the 2026/27 fiscal year, a fiscal plan that marks a return to federal subsidies despite previous claims of municipal self-sufficiency. The budget, now awaiting final ratification by the City Council, incorporates a federal subsidy of more than 74 million Br. This policy reversal follows the 2025/26 mid-year salary revisions for civil servants, implemented to buffer the inflationary impact of the floating Birr on the cost of...


Radar

Global Analytics Meets Local Insight as WAAS Partners With Kantar in Ethiopia Expansion

WAAS International Plc has partnered with global analytics firm Kantar on June 12, 2026, to introduce predictive analytics and consumer tracking tools into the country's corporate market. The collaboration blends Kantar's global methodologies with WAAS's 35-year local data archive to support business leaders operating in a liberalising economy. WAAS Managing Director Efera Busa said the partnership connects global expertise with local context, delivering standardised metrics without losing cu...