China's Golden Concord Group Secures Long-Term Natural Gas Deal with Ethiopia

China's Golden Concord Group has reached an agreement to supply natural gas to Aliko Dangote's upcoming fertilizer facility in Ethiopia for a duration of 25 years. Bloomberg posted on X, the deal is valued at $4.2 billion, marking a significant investment in Ethiopia's energy sector. This long-term partnership aims to support the development of the fertilizer unit, contributing to Ethiopia's agricultural growth and energy infrastructure. The agreement underscores China's expanding influence in Africa's energy markets, aligning with broader economic cooperation between the two regions.