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 program to found an extended petroleum organisation web crossed Africa, with investments successful pipelines, retention facilities and strategical proviso corridors, portion calling connected African governments to support home industries against unfair overseas competition.

Dangote said the Group was aggressively expanding its petroleum organisation infrastructure crossed East, Central and Southern Africa to code longstanding proviso challenges, trim logistical bottlenecks and fortify the continent's vigor security.

Speaking during a wide-ranging speech with Financial Times writer David Pilling, the industrialist disclosed that the Group had acquired a 25 per cent involvement successful a petroleum products pipeline web successful Kenya and was pursuing further infrastructure projects connecting Djibouti to Ethiopia, alongside investments successful Cameroon and Namibia.

He argued that Africa's economical translation would stay elusive unless the continent combined investments successful captious infrastructure with concern policies that encouraged section manufacturing, protected productive capableness and retained employment opportunities wrong African economies.

Dangote warned that allowing imported products to displace home manufacturing amounted to “exporting our jobs retired of the continent, importing poorness into the continent.”

According to him, the enlargement of the Dang...