The Africa Finance Corporation (AFC) has approved a $600 million financing facility for Dangote Group to support a major fertiliser expansion programme that aims to transform Africa’s agricultural landscape, strengthen food security and reduce the continent’s dependence on imported fertilisers.
The financing, which will be provided to Greenview Fertilizer Corp., Dangote Group’s fertiliser holding company, forms part of a wider investment programme valued at about $7 billion. According to African Economy Inc, the ambitious expansion will increase Dangote’s annual urea production capacity in Nigeria from 3 million metric tons to 9 million metric tons, while establishing a new fertiliser production platform in Ethiopia with an additional capacity of 3 million metric tons per year.
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Once completed, the projects are expected to position Dangote Group among the world’s largest fertiliser producers and significantly strengthen Africa’s ability to produce critical agricultural inputs locally.
The investment comes as many African nations continue to rely heavily on imported fertilisers, leaving farmers vulnerable to global supply chain disruptions, rising costs and geopolitical tensions. Recent instability linked to conflicts in the Middle East and shortages in international fertiliser markets has intensified concerns over the continent’s dependence on external suppliers.
