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Dangote Unveils Namibia Energy Project, Proposes 1.6mb Tank Farm

Dangote said the project could store at least 1.6 million barrels and aims to improve fuel access across landlocked markets in Southern Africa.

  • On Wednesday, November 4, 2026, Nigerian industrialist Aliko Dangote unveiled a planned $2.5bn petroleum storage and regional pipeline project in Walvis Bay, Namibia, marking a major expansion into Southern African fuel distribution.
  • The terminal and pipeline network form part of a wider $50bn investment program through 2030. Dangote Group says the project will "strengthen Namibia's energy security and advance regional trade and industrial development across southern Africa."
  • Designed to store at least 1.6 million barrels of petrol and diesel, the facility will serve as a central hub for a 1,700-kilometre pipeline network intended to supply landlocked Botswana, South Africa, and other regional markets.
  • The launch coincided with regulated fuel price increases in Namibia, which Mines and Energy Minister Modestus Amutse attributed to shipping and exchange-rate pressures; opposition leader McHenry Venaani previously warned the pipeline could displace local trucking operators.
  • Separately, the group is pursuing a $660mn pipeline project linking Djibouti and Ethiopia, building on its October acquisition of a 24.76% stake in Kenya Pipeline Company as it expands industrial operations across the continent.
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Dangote Starts Building Fuel-Storage Gateway to Southern Africa

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Billionaires.Africa broke the news on Wednesday, November 4, 2026.
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