In a major move for East African energy infrastructure, the Dangote Group and Ethiopian Investment Holdings (EIH) have received approval to install a series of oil and gas pipelines running through Djibouti.
Djibouti President Ismail Omar Guelleh officially approved the proposal during a high-profile meeting with Ethiopian officials, which included the CEO of EIH, Brook Taye.
The execution of this proposal marks a crucial expansion of Nigerian billionaire Aliko Dangote’s business empire across Africa’s east coast.
While Ethiopia continues to be plagued by the numerous downsides of being a landlocked country, this project, when completed, will give the East African nation the opportunity to connect directly with international shipping lanes.
The proposed pipeline project is divided into two major phases. During the first phase, the two collaborating companies will construct a pipeline for already refined crude oil products.
