Africa's richest man helps fund $660m fuel pipeline between Ethiopia and Djibouti

Nigerian billionaire Aliko Dangote, Ethiopia and Djibouti have agreed to develop a $660m (£500m) petroleum pipeline and storage project linking the two countries. The project will include a 120km- (75 mile-) pipeline connecting Djibouti's Damerjog port to a distribution facility in Dewele, Ethiopia, as well as storage capacity of about 400 million litres. Ethiopian Prime Minister Abiy Ahmed said the pipeline would reduce the time needed to transport fuel from Djibouti's port to the Ethiopian capital, Addis Ababa, from five days to one. The first phase will transport key petroleum products, including jet fuel, diesel and petrol.