*President Dr. Netumbo Nandi-Ndaitwah of Namibia says 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, describing the project launch as ‘the most memorable day of her presidency’
Isola Moses | ConsumerConnect
Dr. Netumbo Nandi-Ndaitwah, President of Namibia, 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 Alhaji Aliko Dangote, President and Chief Executive (CE) of Dangote Industries Limited (DIL), for demonstrating confidence in Africa’s economic potential through transformative investments in energy infrastructure.
EFCC nabs 3 Chinese nationals, seal 90,000 litre illegal oil refinery underground tank in Ogun
She described the occasion as the most memorable day of her presidency.
Dangote Group stated President Dr. Nandi-Ndaitwah also said: “Today, is the most memorable day of my presidency.”
She equally notee that the investment reflects the growing capacity of African entrepreneurs to drive the continent’s transformation.
Dangote disclosed 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 is expected to 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.
Addressing the ceremony, Alhaji Dangote said the investment formed part of the Group’s broader vision to build interconnected centres of production, storage and distribution across Africa.
The foremost industrialist disclosed that the facility, located near Walvis Bay, would have storage capacity for 360 million litres of diesel and 240 million litres of petrol.
The pipeline network will connect Namibia to key markets in Botswana, Zambia, Zimbabwe, Malawi and parts of the Democratic Republic of Congo.
Stated he: “We want to invest heavily so that landlocked countries can access petroleum products at cheaper prices.”
The President and CE of Dangote Group further announced that the conglomerate has increased its Africa-wide investment ambition towards 2030 from $50 billion to $60 billion, signalling plans for further expansion across the continent.
Dangote stated: “What we are launching today represents an investment of $2.5 billion, but Namibia deserves much more.
“We want to invest more and do more with your government.”
Reaffirming his commitment to Africa’s development, Dangote said the continent possesses the resources, talent and markets needed to achieve sustainable industrialisation.
“Africa must industrialise Africa,” he declared.
The Governor of Namibia’s Erongo Region, Dr. Nathalia Goagoses, also welcomed the investment, describing it as a strategic initiative that would strengthen Namibia’s role as a gateway for trade, investment and regional economic integration.
Dangote concluded by reaffirming the Group’s long-term commitment to Namibia and Southern Africa, pledging continued investment in infrastructure projects that promote growth, job creation and prosperity across the continent.