Ethiopia, Djibouti, and Dangote to build $660m petroleum pipeline

Ethiopia, Djibouti, and Dangote Group are teaming up to build a $660 million petroleum pipeline that will stretch 120km from Damerjog port in Djibouti to a distribution facility in Dewele, Ethiopia. This project aims to improve energy supply and reduce transportation costs in the region. The pipeline is expected to start operations within 18 months, which could have a positive impact on trade and economic growth in the area.

Why it matters

The new petroleum pipeline will increase energy access and stimulate economic growth in the region. This could lead to increased investment and a positive outlook for East African risk assets.

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