Dangote Group Secures $600 million AFC Loan for Fertiliser Expansion in Nigeria and Ethiopia

Africa Finance Corporation has provided a $600 million loan to GreenView Fertiliser Corp., the holding company of the Dangote Group, to fund a major expansion of urea fertiliser production. The financing will triple Dangote’s output in Nigeria from 3 million to 9 million metric tonnes per annum and support the construction of a new 3 million‑tonne plant in Ethiopia as part of a broader $7 billion expansion programme.

Dangote said the project is expected to generate over $4 billion in annual export earnings and boost Nigeria’s foreign‑exchange earnings. AFC President Samaila Zubairu highlighted the initiative’s role in addressing Africa’s food‑security challenge, noting the continent must feed 2.5 billion people by 2050 and that expanding local fertiliser production is essential for that goal.