Dangote Expands African Fuel Business With $2.5bn Namibia Storage and Pipeline Project
Nigerian billionaire and industrialist Aliko Dangote is extending his petroleum distribution business beyond Nigeria with a proposed $2.5 billion fuel storage and pipeline project in Namibia, targeting landlocked countries across southern Africa.
The project, launched near Walvis Bay, Namibia’s principal commercial port, will feature petroleum storage facilities with an estimated capacity of four million barrels and a proposed 1,700-kilometre pipeline linking Namibia to neighbouring markets, including Botswana and South Africa, according to international media reports.
The investment is expected to strengthen fuel distribution networks across the region, particularly in countries without direct access to seaports, by improving supply access and reducing transportation costs.
Speaking at the groundbreaking ceremony on Wednesday, Dangote said the project was designed to make petroleum products more affordable and accessible to landlocked African economies.
“We want to heavily invest so that most of the landlocked countries will be able to access petroleum products at a cheaper price,” he said.
The development marks another step in Dangote’s ambition to expand his energy business across the continent, positioning his petroleum distribution operations to serve markets beyond Nigeria.
Blessing Anolaba
Editorial & Creative Correspondent
A storyteller and journalist passionate about telling stories for policy change and impact.
Add a Comment