Africa Finance Corporation (AFC) has committed $600 million to support Dangote Group’s fertiliser expansion programme in Nigeria and Ethiopia, backing a project that could transform Africa’s position in the global fertiliser market.
The financing, extended to Greenview Fertiliser Corporation, forms part of Dangote Group’s broader $7 billion fertiliser growth strategy and is among the largest recent funding commitments to fertiliser production on the continent.
AFC said the investment will support capacity expansion in Nigeria and the development of a new fertiliser complex in Ethiopia.
In Nigeria, the project will increase production capacity at the Dangote Fertiliser Plant in Ibeju-Lekki, Lagos, from 3 million metric tonnes of urea annually to 9 million tonnes.
The Ethiopia project will add another 3 million tonnes of annual production capacity, creating a combined 12 million-tonne platform across West and East Africa.
