Dangote Boosts Ethiopia Fertilizer Investment to $4 Billion

Aliko Dangote, Africa’s richest man, is boosting planned spending on an Ethiopian fertilizer complex to more than $4 billion, which would make the Horn of African nation the second-largest recipient of investment from his Dangote Group after its home market Nigeria.

In addition to a two-million-ton fertilizer blending plant, Dangote intends building a 110-kilometer (68-mile) natural-gas pipeline, a 120-megawatt power plant and a polypropylene packaging facility in Ethiopia, the continent’s second-most populous nation.