AFC Commits $600mn to Back $7bn Dangote Fertiliser Expansion in Nigeria and Ethiopia
The financing supports a $7 billion plan to triple urea output in Nigeria and add a new plant in Ethiopia, AFC said.
- Africa Finance Corporation committed $600mn to support Dangote Group's $7bn fertilizer expansion program, aiming to triple production capacity in Nigeria and establish a major new manufacturing facility in Ethiopia.
- Despite possessing substantial natural-gas reserves and arable land, Africa remains a net importer of fertilizer products, prompting investments to improve food security and boost agricultural productivity amid rapid population growth.
- Dangote Group intends to increase Nigeria's urea capacity from 3 million MTPA to 9 MTPA while adding a new 3 MTPA plant in Ethiopia. "This investment marks another important milestone," Aliko Dangote, President and Chief Executive of Dangote Industries Limited, said.
- Following full repayment of a $300mn senior loan supporting development of the Dangote Petroleum Refinery, the latest commitment demonstrates AFC's model of redeploying capital once strategic assets become operational and cash-generative.
- Dangote Petroleum Refinery increased crude processing capacity to 700,000 barrels per day this month, exceeding its nameplate capacity, while the company plans to list shares in Q3 2026 at a $40bn–$50bn valuation, proposing a 5%–10% stake sale.
26 Articles
26 Articles
Dangote secures $600m AFC loan to expand fertiliser...
The Dangote Group has secured a $600 million loan facility from the Africa Finance Corporation (AFC) to support a major expansion of its fertiliser production operations, a move expected to generate more than $4 billion annually in foreign exchange earnings for Nigeria through exports. The financing, extended to GreenView Fertilizer Corporation, the holding company for Dangote Fertiliser, will partly fund the expansion of the company’s urea prod…
AFC Approves $600m Financing Package to Support Expansion of Dangote’s Fertiliser Plant - AgroNigeria
The Africa Finance Corporation (AFC) has approved a $600 million financing package to support the next phase of expansion at Dangote Group’s fertiliser business, a move expected to strengthen agricultural productivity and food security across Africa. The funding was extended to GreenView Fertilizer Corporation, the holding company for Dangote Fertiliser, and will be used to
Six hundred million dollars. This is the loan that the Africa Finance Corporation has granted to the Dangote group to expand its production of urea. Dangote fertilizers could soon feed the fields of a whole continent. L的Africa Finance Corporation and the Dangote group signed, Monday, June 15, 2026, a financing agreement of 600 million dollars, or about 330 billion CFA francs. The money will go to Greenview Fertilizer Corporation, the fertilizer …
AFC’s USD 600mln Commitment Bolsters Dangote Fertilizer Ambitions
The Nigeria-based African Finance Corporation (AFC) is committing USD 600 million to an expansion program under Dangote Fertiliser Limited, which seeks to invest a total of seven billion dollars in projects in Nigeria and Ethiopia. The Dangote Group envisions tripling its urea production capacity in Nigeria to nine million metric tonnes a year, while a fertilizer plant under construction in Ethiopia’s Somali Regional State is expected to produce…
AFC backs USD 7 bn Dangote fertiliser expansion to strengthen food security - Platform Africa
LAGOS, Nigeria, June 15/APO Group: Africa Finance Corporation (AFC), the continent’s infrastructure solutions provider, is helping drive USD 7 billion fertiliser expansion programme spearheaded by Dangote Group, aimed at triple production capacity in Nigeria while at the same time, establishing a major new manufacturing platform in Ethiopia. As a cornerstone commitment to the programme, AFC is providing a USD 600 million facility to Greenview Fe…
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