Dangote unveils $50bn Africa investment Plan, acquires 25% stake in Kenya pipeline network
President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has unveiled an ambitious plan to establish an extensive petroleum distribution network across Africa, with investments in pipelines, storage facilities and strategic supply corridors, while calling on African governments to protect domestic industries against unfair foreign competition. Dangote said the Group was…
Dangote Industries Limited CEO, Aliko Dangote, has unveiled a $50 billion investment plan to establish an extensive petroleum distribution network across Africa. The plan includes investments in pipelines, storage facilities, and strategic supply corridors, with the aim of addressing supply challenges, reducing logistical bottlenecks, and enhancing energy security on the continent.
Dangote also acquired a 25% stake in a petroleum products pipeline network in Kenya, as part of a wider strategy to strengthen the movement of refined petroleum products across Africa.
Brief written by urgent.news from Daily Post Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
