Namibia’s president calls Dangote’s $2.5 billion energy investment a landmark for Africa’s industrial future

In Walvis Bay, Namibian President Netumbo Nandi-Ndaitwah launched Dangote’s $2.5 billion project, calling it a major investment in regional industrialisation and energy security. The project includes a 600-million-litre fuel storage facility and an approximately 1,700-kilometre pipeline network linking Namibia with Botswana, Zambia, Zimbabwe, Malawi and parts of the DRC. Aliko Dangote said the facility will store 360 million litres of diesel and 240 million litres of petrol, and announced that the group’s Africa-wide investment ambition by 2030 has risen from $50 billion to $60 billion.