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Add as a preferred source on GoogleAl Jazeera reported that the project is intended to strengthen Southern Africa's fuel supply.
Aliko Dangote's $2.5 billion tank farm in Walvis Bay, Namibia, is intended to strengthen Southern Africa's fuel supply, according to Al Jazeera's report published Nov. 5.
The report identified Dangote as a Nigerian billionaire and described the facility as a new addition to his energy ventures on the continent.
The OQ Trading cargo carried about 20 million liters of diesel to Mozambique’s Port of Matola on Oct. 9. Minister Bogolo Kenewendo says Botswana has also approached suppliers in Angola and Côte d’Ivoire.
Forbes’ Oct. 26 snapshot put Aliko Dangote’s estimated net worth at $53.2 billion. An offer for shares in his refinery company is due to close Oct. 27.
The Dangote Group chief said reliable electricity and stronger African financial institutions are needed to expand manufacturing.
