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Dangote, Ethiopia to Invest $660 Million in Pipeline, Storage
Source: Bloomberg
Infrastructure & DefenseEnergy Markets & PricesEmerging MarketsTransportation & Logistics
Aliko Dangote and Ethiopian Investment Holdings will invest $660 million to build a petroleum-products pipeline connecting Ethiopia to Djibouti’s coast. The project could improve fuel-supply logistics and energy infrastructure for the landlocked Horn of Africa economy, while supporting Djibouti’s role as a regional transport hub.
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