Dangote, Ethiopia to Invest $660 Million in Pipeline, Storage

Aliko Dangote and Ethiopian Investment Holdings announced a joint investment of $660 million to construct a petroleum-products pipeline connecting Ethiopia to Djibouti's coast. The pipeline project aims to transport petroleum products from Ethiopia to the port of Djibouti. Dangote is the chairman of the Dangote Group, a Nigerian conglomerate, and Ethiopian Investment Holdings is a state-owned investment entity.

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