Dangote Secures $600m AFC Facility To Increase Fertiliser Output Across Africa

The Dangote Group has secured a $600 million financing facility from the Africa Finance Corporation (AFC) to accelerate the expansion of its fertiliser production capacity across Africa, in a deal expected to significantly strengthen food security and agricultural productivity on the continent.
The facility, arranged in partnership with the Africa Finance Corporation, will be channelled through GreenView Fertiliser Corporation, the Dangote Fertiliser holding structure, to partly finance the expansion of urea production capacity in Nigeria and support the development of a new plant in Ethiopia.
The investment forms part of the group’s broader $7 billion fertiliser expansion programme, ...