Dangote Reaffirms Investment Commitment in Ethiopia After Meeting with PM Abiy











Dangote Group Signals Renewed Commitment to Ethiopia’s Industrial Growth Following High-Level Meeting with PM Abiy Ahmed

Addis Ababa, Ethiopia – June 7, 2025

In a major show of confidence in Ethiopia’s economic potential, Aliko Dangote, Africa’s richest man and Chairman of the Dangote Group, met with Prime Minister Abiy Ahmed today in Addis Ababa. The high-profile meeting signals renewed cooperation between the Ethiopian government and the Nigerian industrialist’s conglomerate, which has been a major player in the country’s cement and construction sectors for over a decade.

During their meeting, Prime Minister Abiy welcomed Mr. Dangote and emphasized Ethiopia’s commitment to facilitating foreign investment and industrial partnerships that benefit both the local economy and regional integration. He reiterated that Ethiopia remains open to international investors who align with the country’s development goals and are willing to collaborate on sustainable projects that create jobs and transfer skills to local workers.

Aliko Dangote, in turn, expressed his appreciation for the reforms and development initiatives being undertaken under the leadership of Prime Minister Abiy. He reaffirmed the Dangote Group’s dedication to expanding its operations in Ethiopia and highlighted opportunities in cement production, construction materials, and potentially agro-industrial ventures.

“We are not just here to invest; we are here to be long-term partners in Ethiopia’s prosperity. The Dangote Group sees Ethiopia as a key strategic hub in East Africa,” Dangote said during the discussion, according to EBC’s coverage.

The meeting comes at a time when Ethiopia is actively seeking to attract foreign direct investment to revitalize its manufacturing sector, address foreign currency shortages, and create employment for its growing youth population. Dangote Cement, which launched its Ethiopian operations in 2015, has remained one of the country’s largest cement producers. The company has faced challenges over the years, including foreign exchange constraints and logistical hurdles, but today’s meeting suggests a fresh chapter in government-private sector cooperation.

The Ethiopian Broadcasting Corporation, which first reported the meeting, stated that the Prime Minister emphasized the importance of strengthening ties with visionary African business leaders and creating a conducive environment for intra-African investment flows. He also noted that the government is working to resolve bureaucratic bottlenecks that hinder investor confidence.

This meeting is also symbolic in light of Ethiopia’s efforts to modernize its economic institutions, including the recent operationalization of the Ethiopian Securities Exchange and the launch of the Ethiopia Startup Act. With Dangote’s renewed interest, the country could attract further pan-African industrial investment.

Photos from the event show Prime Minister Abiy Ahmed and Aliko Dangote smiling and standing side by side in front of the Ethiopian flag, signaling unity and optimism for future collaboration.



#AbiyAhmed #Dangote #EthiopiaInvestment #EthiopiaEconomy #EBC #AfricanBusiness