Africa's Richest Man Co-Funds $660M Ethiopia-Djibouti Fuel Pipeline

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A major fuel pipeline project worth $660 million is being developed between Ethiopia and Djibouti, with backing from Africa's wealthiest individual. The infrastructure project aims to bolster energy security for Ethiopia, a landlocked nation that relies heavily on overland fuel supply routes. Djibouti, which serves as a key regional port hub, is expected to benefit through job creation tied to the pipeline's operations. The project represents a significant private-sector investment in East African energy infrastructure.

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