Dangote Breaks Ground on $2.5 Billion Namibia Fuel Hub for Southern Africa

Aliko Dangote, Africa’s richest person whose Dangote Group operates the biggest refinery on the continent, on Wednesday broke ground for a planned fuel storage site in Namibia, which will serve as a fuel distribution hub in southern Africa. “We want to heavily invest so that most of the landlocked countries will be able to access petroleum products at a cheaper price,” Dangote said at a groundbreaking event on Wednesday.

5 billion, includes a fuel depot outside the main port of Walvis Bay in Namibia and a 1,700-kilometer 1,056-mile pipeline to bring fuels to Botswana and South Africa, and potentially to other countries. The fuel storage-plus-pipeline project is expected to “strengthen Namibia’s energy security and advance regional trade and industrial development across southern Africa,” Dangote said, as carried by Bloomberg.