Former Ethiopian Prime Minister Hailemariam Desalegn has described as exceptional and enormous, the investment of Dangote, and insisted that African investors should emulate such drive.He said that massive investment like the Dangote Refinery was needed in Africa for economic development and urged other private sector investors to take a cue from the Dangote group’s investment drive. According to him, investors in the continent must recognize that investment in essential sector will remain critical to sustainable economic growth. Dangote Fertilizer Complex, consisting of Ammonia and Urea plants is conceived to be one of the world’s largest fertilizer plants with a total capacity of 3 million tonnes per annum of Urea fertilizer. Therefore, the Dangote Fertilizer is positioned to bridge the gap between local demand and national capacity. “The Fertilizer Plants will produce Urea that will assist farmers boost their crop yields through easy access to fertilizer,” he added.

Source: Ethiopian News April 30, 2019 09:00 UTC