00:00Nigerian billionaire Aliko Dangotei says he's helping to fund a new $660 million refined
00:07petroleum product pipeline between Ethiopia and Djibouti.
00:11Under the deal announced by Ethiopian Investment Holdings on Thursday, the project will see
00:16a 120-kilometre link built to connect Damajog port to a distribution facility in Duele.
00:22It's expected to begin operations within 18 months and will include storage facilities
00:27on both ends of the pipeline.
00:28Ethiopia's Prime Minister Abiyah Ahmed says this will reduce logistic costs and delays
00:34and strengthen energy security along the corridor.
00:37The project comes as Dangotei Group expands its infrastructure and manufacturing businesses
00:42across Africa.
