The Africa Finance Corporation (AFC) has approved a $600 million financing package to support the next phase of expansion of the Dangote Group’s fertiliser business, a development expected to boost agricultural productivity and strengthen food security across Africa.
The facility was extended to GreenView Fertilizer Corporation, the holding company for Dangote Fertiliser and will be utilised to expand urea production operations in Nigeria while supporting plans for the establishment of a new fertiliser manufacturing facility in Ethiopia.
The investment is expected to increase fertiliser availability across the continent, improve access for farmers and contribute to higher agricultural output in line with Africa’s food security objectives.
According to stakeholders, expanding production capacity will help reduce dependence on imported fertilisers, strengthen regional supply chains and enhance the competitiveness of Africa’s agricultural sector.
The planned expansion in Nigeria is expected to consolidate the country’s position as a major fertiliser production hub while the proposed Ethiopian facility will further support the growing demand for agricultural inputs across East Africa.
Industry experts noted that improved fertiliser access remains critical to increasing crop yields, reducing production costs and ensuring sustainable food systems across the continent.
The financing also reflects growing confidence in Africa’s agribusiness sector and highlights the importance of strategic investments in supporting industrial development and economic growth.
With demand for fertiliser continuing to rise, the expansion of Dangote Fertiliser’s operations is expected to play a significant role in enhancing food production, creating jobs and promoting agricultural transformation across Africa.
