en.Wedoany.com Reported - The Africa Finance Corporation (AFC) has committed $600 million in financing to the Dangote Group's $7 billion fertilizer expansion plan, which aims to boost local fertilizer production capacity in Africa and improve food security. The funds will be injected into Dangote's fertilizer holding company, Greenview Fertiliser Corp., as part of its overall expansion strategy.

Dangote plans to increase Nigeria's annual urea production capacity from the current 3 million tons to 9 million tons, while also proposing to build a new urea plant in Ethiopia with an annual capacity of 3 million tons. These projects are expected to reduce Africa's dependence on imported fertilizers, improve agricultural productivity, and strengthen Africa's position in the global fertilizer market.

Against the backdrop of global population growth, climate pressures, and persistent disruptions to food systems from supply chains, Africa is building its own industrial capacity to support development. This investment is not just about fertilizer production; it is about laying the foundation for Africa's long-term agricultural resilience, economic growth, and greater self-sufficiency.

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