Fertilizer

TSP is especially valuable for nutrient-deficient soils and precision agriculture.

With an estimated investment of US$600 million, the plant is anticipated to begin operations by 2028

The facility is operated by ITRACOM Fertilizers, a Burundian company, and currently employs 1,500 workers.

Ethiopia currently imports the bulk of its fertiliser needs, particularly urea and nitrogen-based products, from countries such as Morocco and Russia

Nitrogen-based fertilizers, particularly urea, saw the steepest rise, up 20% year-on-year to an average of US$390 per tonne