Namibia President declares Dangote’s $2.5bn energy investment a landmark for Africa’s industrial future.
…Says project launch most memorable day of her presidency …Unveils 600-million-litre tank farm, 1,700km regional pipeline By Udeme Akpan President of Namibia, Dr Netumbo Nandi-Ndaitwah, has described the $2.5 billion Dangote Namibia Tank Farm and Regional Pipeline Project as a landmark investment that will accelerate Africa’s industrialisation, enhance regional energy security and deepen economic integration across Southern Africa.
Speaking at the project’s official launch in Walvis Bay, the Namibian leader praised Aliko Dangote, President and Chief Executive of Dangote Industries Limited, for demonstrating confidence in Africa’s economic potential through transformative investments in energy infrastructure.
She described the occasion as the most memorable day of her presidency.
“Today, is the most memorable day of my presidency,” she said, noting that the investment reflects the growing capacity of African entrepreneurs to drive the continent’s transformation. The project comprises a proposed 600-million-litre petroleum storage facility and an approximately 1,700-kilometre regional pipeline network that will position Namibia as a strategic fuel distribution hub for Southern Africa. The infrastructure may improve fuel supply reliability, reduce transportation costs and support economic growth across the region. President Nandi-Ndaitwah said the investment aligns with Namibia’s development priorities and the goals of the African Continental Free Trade Area (AfCFTA), while creating opportunities for employment, skills transfer and industrial expansion.
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