LAST WEEK IN AFRICA: Dangote Targets Fertilizer Self-Sufficiency, South Africa Secures Infrastructure Funding & FDI Rises

Dangote Plans to End Africa’s Fertiliser Imports
Nigerian billionaire Aliko Dangote revealed plans this week to double the capacity of his $2.5 billion fertilizer plant from 3 million to 6 million tonnes annually, making it a cornerstone of Africa’s agricultural independence. The project aims to make the continent fully self-sufficient in fertilizer production within 40 months, eliminating over 6 million tonnes of imports and supporting food security across the region.

South Africa Secures $1.5 Billion World Bank Loan for Infrastructure
South Africa has secured a $1.5 billion loan from the World Bank to revamp its transport and energy infrastructure. The funding comes as the country grapples with sluggish economic growth, posting just 0.1% GDP expansion in Q1 2025. The investment is expected to reduce logistics bottlenecks and enhance long-term industrial performance.

South Africa Records R11.7 Billion in FDI, Despite Portfolio Outflows
Foreign direct investment (FDI) in South Africa rose to R11.7 billion (~$661 million) in Q1 2025, up from R7.5 billion in the previous quarter, reflecting improved business confidence. However, this was offset by R53.7 billion in portfolio outflows as financial market investors remained cautious amid global volatility and domestic structural challenges.