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Aliko Dangote, the Nigerian industrialist, has announced a new $2.5 billion investment in Namibia aimed at developing a major energy hub in the port city of Walvis Bay. The project will include the construction of pipelines and storage facilities designed to position Walvis Bay as a key energy center for southern Africa. The investment follows Dangote’s recent expansion into Kenya, where he has been building a similar infrastructure network. In Namibia, the project was formally launched in a ceremony attended by President Netumbo Nandi‑Ndaitwah. The president noted that she had made an exception to her usual practice of not attending cornerstone ceremonies. “I stopped participating because I know that a project can take more than ten years to show any visible progress,” she said. The initiative is part of Dangote’s broader continental strategy to secure energy supply chains and support regional development. The planned infrastructure will facilitate the transport and storage of fuel, potentially boosting Namibia’s role in the regional energy market. Article source: JeuneAfrique | Image credit: JeuneAfrique
Aliko Dangote, the Nigerian industrialist, has announced a new $2.5 billion investment in Namibia aimed at developing a major energy hub in the port city of Walvis Bay. The project will include the construction of pipelines and storage facilities designed to position Walvis Bay as a key energy center for southern Africa. The investment follows Dangote’s recent expansion into Kenya, where he has been building a similar infrastructure network. In Namibia, the project was formally launched in a ceremony attended by President Netumbo Nandi‑Ndaitwah. The president noted that she had made an exception to her usual practice of not attending cornerstone ceremonies. “I stopped participating because I know that a project can take more than ten years to show any visible progress,” she said. The initiative is part of Dangote’s broader continental strategy to secure energy supply chains and support regional development. The planned infrastructure will facilitate the transport and storage of fuel, potentially boosting Namibia’s role in the regional energy market.
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