Dangote’s $660m pipeline links Ethiopia, Djibouti

Ethiopian Prime Minister Dr Abiy Ahmed and Djibouti President Ismaïl Omar Guelleh have hailed Dangote Group's $660 million Damarjog-Dewele Oil Terminal and Pipeline Project as a significant investment. The leaders, speaking at the project's groundbreaking ceremony in Djibouti, praised Aliko Dangote for his strategic investment in energy infrastructure.

The pipeline, stretching 120 kilometers from marine and coastal storage facilities at Damarjog to inland facilities at Dewele in Ethiopia, aims to bolster regional trade, enhance energy security, and foster economic integration across the Horn of Africa. Upon completion, the pipeline will facilitate the transportation of refined petroleum products into Ethiopia, thereby improving supply reliability and mitigating the challenges associated with lengthy road transportation.

Djibouti's President Guelleh expressed optimism about the project, stating it would solidify Djibouti's position as a leading logistics, industrial, and energy hub. He highlighted the prospective increase in trade volumes, expansion of port operations, attraction of new investments, and creation of jobs. Prime Minister Abiy emphasized that the pipeline would bolster Ethiopia's energy security and support industrialization, thereby contributing to the country's ongoing economic expansion.

Dangote Industries' President/CEO, Aliko Dangote, underscored the group's commitment to developing infrastructure that supports Africa's economic transformation. The project, part of Dangote Group's Vision 2030 strategy to invest $50 billion across Africa, seeks to reduce dependence on imports, bolster local production, and deepen intra-African trade.