Southern Africa: Namibia Poised As Southern Africa's New Budget Fuel Hub

Southern Africa: Namibia Poised As Southern Africa's New Budget Fuel Hub

Namibia is set to supply fuel to Botswana, Zimbabwe and Zambia at a cheaper rate.

Could this new fuel route finally bring down pump prices?

Zimbabwe, Botswana and Zambia could soon benefit from significantly cheaper fuel under a new regional supply plan being developed by the African Export-Import Bank in partnership with the Dangote Group. The initiative centres on establishing a fuel tank farm in Walvis Bay, which would act as a strategic distribution hub for petroleum products across Southern Africa. Fuel to flow faster and cheaper? The project is part of a US$3 billion financing…

Namibia poised as southern Africa’s new budget fuel hub

Namibia is set to supply fuel to Botswana, Zimbabwe and Zambia at a cheaper rate. This is as Nigerian billionaire Aliko Dangote last year announced plans to build a 2 000km fuel pipeline from Walvis Bay through Botswana to Bulawayo in Zimbabwe. Dangote is working closely with the African Export and Import Bank (Afreximbank) to set up a US$3-billion (about N$49.6 billion) facility targeted at promoting intra-African trade in fuels and will establ…

Afreximbank backs Zimbabwe fuel pipeline as part of US$3bn intra-Africa trade push

Source: Afreximbank backs Zimbabwe fuel pipeline as part of US$3bn intra-Africa trade push – herald Business Reporter ZIMBABWE stands to benefit directly from a new US$3 billion African Export-Import Bank (Afreximbank) facility aimed at boosting intra-African fuel trading and reducing reliance on the Middle East, the bank’s senior executive vice president has said. Speaking at a media briefing on Monday, Mr Denys Denya said Afreximbank was worki…