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

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Aliko Dangote has broken ground on a planned $2.5 billion fuel storage and distribution hub near Walvis Bay, Namibia. The project is intended to supply petroleum products more cheaply to landlocked countries across 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. The project, expected to cost $2.5 billion, includes a fuel depot outside the main port of Walvis Bay in Namibia…