Dangote Backs $660M Fuel Pipeline Project in Ethiopia and Djibouti

WHO:

BBC News - Aliko Dangote, Africa’s richest man, and Ethiopian Investment Holdings are involved in the project.

WHAT:

Bloomberg Markets - A $660 million investment will be made to build a petroleum-products pipeline.

BBC News - The pipeline aims to strengthen energy security in Ethiopia and create jobs at Djibouti's port.

WHERE:

Bloomberg Markets - The pipeline will link Ethiopia to Djibouti’s coast.

WHY:

BBC News - The project is intended to enhance energy security for landlocked Ethiopia.

HOW:

Bloomberg Markets - The investment will fund the construction of the pipeline and associated storage facilities.

(UPDATED September 25, 2026 09:59 UTC)

A significant $660 million investment is set to be made to construct a petroleum-products pipeline linking Ethiopia to Djibouti’s coast, with Africa’s richest man, Aliko Dangote, and Ethiopian Investment Holdings involved in the project. This pipeline aims to enhance energy security for landlocked Ethiopia while also creating jobs at Djibouti's port. The funding will not only cover the pipeline construction but also the development of associated storage facilities.