Namibia's President Lauds Dangote's $2.5B Investment

On November 5, 2026, Dr Netumbo Nandi-Ndaitwah, the President of Namibia, celebrated the launch of Dangote Industries Limited's $2.5 billion investment in a petroleum storage facility and regional pipeline network in Walvis Bay. She described the event as the most memorable day of her presidency and commended Aliko Dangote, President and Chief Executive of Dangote Industries Limited, for his confidence in Africa's economic potential.

The investment includes a proposed 600-million-litre petroleum storage facility and a 1,700-kilometre pipeline network aimed at making Namibia a strategic energy distribution hub for Southern Africa. The storage facility will have a capacity of 360 million litres of diesel and 240 million litres of petrol, occupying approximately 70 hectares at Farm 58, located about 10 kilometres east of Walvis Bay.

The pipeline will connect Walvis Bay to various locations, including Otjiwarongo, Rundu, Ghanzi, and Francistown in Botswana. Nandi-Ndaitwah emphasized her administration's commitment to fostering a responsive investment environment.