Dangote Launches $2.5bn Energy Project in Namibia

The $2.5 billion Dangote Namibia Tank Farm and Regional Pipeline Project was officially launched in Walvis Bay by Dr Netumbo Nandi-Ndaitwah, President of Namibia. She praised Aliko Dangote, President and Chief Executive of Dangote Industries Limited, for his confidence in Africa's economic potential.

The project includes a 600-million-litre petroleum storage facility and a 1,700-kilometre pipeline network, positioning Namibia as a strategic fuel distribution hub for Southern Africa. This infrastructure is expected to improve fuel supply reliability, lower transportation costs, and support economic growth in Namibia and neighboring countries.

The investment aligns with Namibia's development priorities and the African Continental Free Trade Area (AfCFTA) objectives, creating opportunities for employment and industrial expansion. Dangote stated that the facility would store 360 million litres of diesel and 240 million litres of petrol, linking Namibia with markets in Botswana, Zambia, Zimbabwe, Malawi, and parts of the Democratic Republic of Congo.

He also announced an increase in the Group's Africa-wide investment ambition from $50 billion to $60 billion by 2030.