From The Rio Times · Amina Diarra · · 1m 20s
Dangote Plans Ethiopia Fertiliser Listing
Dangote to sell 10% of Ethiopia's fertiliser plant on local stock exchange.
In brief
Dangote to sell 10% of Ethiopia's fertiliser plant on local stock exchange. Nigerian billionaire Aliko Dangote will sell at least 10% of his Ethiopian fertiliser venture on the Ethiopian Securities Exchange after plant construction completes. Originally reported by The Rio Times.
Dangote Plans Ethiopia Fertiliser Listing
Nigerian billionaire Aliko Dangote plans to sell at least 10% of his Ethiopian fertiliser venture on the Ethiopian Securities Exchange.
“We need to sell minimum at least 10 percent of it at this Ethiopian Stock Exchange”
Plant Details
Urea fertiliser complex at Gode, Ethiopia's Somali Regional State, designed to produce 3 million tonnes of urea annually.
Ownership Structure
Dangote Group holds 60%, Ethiopian Investment Holdings holds 40% under shareholders' agreement signed in August 2025.
Investment Costs
Planned investment rose from US$2.5 billion to more than US$4 billion by May 2026.
Stock Exchange Context
Ethiopian Securities Exchange began trading in January 2025 as country's first formal stock exchange in over 50 years.
Dangote's Stance
Dangote said he would discuss the plan with Prime Minister Abiy Ahmed but would proceed regardless.
“Even if he doesn't agree, we will take our own 10 percent and sell”
What's Unknown
Price, share count, timetable, and whether 10% comes from Dangote's stake remain undisclosed.
US Investors Impact
US investors gain new frontier market asset: large industrial project listed on young Ethiopian exchange.
What Happens Next
Listing expected after plant construction completes, with completion projected around 2029.
The essence
Nigerian billionaire Aliko Dangote will sell at least 10% of his Ethiopian fertiliser venture on the Ethiopian Securities Exchange after plant construction completes.
