Nigerian billionaire Aliko Dangote’s group of companies has increased its planned investment in a fertiliser plant in Ethiopia to more than USD 4 billion, up from the USD 2.5 billion announced last year.
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Ethiopia has earned USD 8.7 billion from export trade during the past 10 months, Minister of Trade and Regional Integration Kassahun Gofe (PhD) said.
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The fourth edition of the “Made in Ethiopia” Expo concluded in Addis Ababa after generating trade and marketing agreements worth more than Birr 57 billion.
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Prime Minister Abiy Ahmed has announced that Ethiopia is on course to generate USD 10 billion in export earnings during the current 2025/26 fiscal year, building on the strong export performance recorded in 2024/25.
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Ethiopia substituted imports worth USD 4.85 billion with locally produced goods during the first nine months of the current fiscal period, according to Industry Minister Melaku Alebel.
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