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Dangote Industries Limited and GCL Group signed a $4.2 billion gas supply agreement for a 3-million-tonne-per-year fertilizer plant in Ethiopia. GCL will source natural gas from the Calub Gas Field, delivering it through a 108-kilometer pipeline to the facility in Gode, Somali Region.

The plant, valued at $2.5 billion, will operate under a 60:40 equity structure with Ethiopian Investment Holdings and is set to begin operations in 2029, becoming East Africa's largest fertilizer production hub. The project aims to reduce import reliance and enhance agricultural self-sufficiency in the region, creating jobs and promoting infrastructure development.