Africa’s richest man Aliko Dangote has announced a fresh $4 billion investment in a fertiliser project in Ethiopia, in a move aimed at expanding agricultural production and boosting food security in the country.

The investment is expected to focus on large-scale fertiliser production facilities that will support farmers and improve access to key agricultural inputs across Ethiopia.

The announcement was made as part of ongoing efforts to strengthen agricultural value chains and reduce dependence on fertiliser imports in the region. Officials involved in the project say it is designed to support long-term economic growth and improve productivity in the farming sector.

The initiative is also expected to create jobs during construction and operation phases, while contributing to industrial development in Ethiopia’s manufacturing sector.

Ethiopia, one of Africa’s largest agricultural economies, has been working to improve food production and reduce pressure on imports through investment in local fertiliser production and farming support systems.

The project aligns with broader efforts across Africa to increase food security as many countries continue to face challenges linked to climate change, global supply disruptions, and rising food costs.

Details on the timeline for construction and production capacity were not immediately disclosed, but the investment is expected to be implemented in phases.

The development adds to growing industrial investments by Dangote Group across Africa, particularly in cement, oil refining, and fertiliser production.