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Dangote Group Fuels East Africa with New Oil Pipeline Plan
24 Sep
Summary
- A new refined petroleum pipeline will connect Djibouti and Ethiopia.
- Aliko Dangote's group partners with Ethiopian Investment Holdings.
- The project follows Dangote's significant prior investments in Ethiopia.
A significant new infrastructure project is planned to enhance petroleum product distribution across East Africa. Ethiopian Prime Minister Abiy Ahmed announced that Djibouti, Ethiopia, and Nigerian industrialist Aliko Dangote will jointly develop a refined petroleum products pipeline. This new line is slated to connect Damerjog in Djibouti with Dewele in Ethiopia, improving regional energy logistics.
The development will be undertaken through a strategic partnership. This collaboration involves Ethiopia's sovereign wealth fund, Ethiopian Investment Holdings, and the prominent Dangote Group. The Dangote Group already has a substantial presence in Ethiopia, having previously invested in a $4 billion fertiliser pipeline and power plant complex, alongside a polypropylene packaging facility.
