Dangote Cement

According to BBC Business, Nigerian billionaire Aliko Dangote, along with Ethiopia and Djibouti, have agreed to develop a $660 million petroleum pipeline and storage project linking Djibouti's Damerjog port to Dewele in Ethiopia, including a 120km pipeline and about 400 million litres of storage, with operations expected within 18 months. The project aims to reduce the time to transport fuel from Djibouti's port to Addis Ababa from five days to one day. Dangote said the project would strengthen Ethiopia's energy security and make its fuel supply more resilient.