L-R: Group President/Chief Executive, Dangote Industries Limited, Aliko Dangote, exchanging a handshake with the President of the Republic of Namibia, H.E. Dr Netumbo Nandi-Ndaitwah, during the official launch of the Dangote Namibia Tank Farm and Regional Pipeline Project at Farm 58, Walvis Bay, Namibia on November 4, 2026.
By Peace Udugba -The Daily Torch Media
Namibia’s President, Dr Netumbo Nandi-Ndaitwah, has described the $2.5 billion Dangote Namibia Tank Farm and Regional Pipeline Project as a landmark investment that will accelerate Africa’s industrialisation, strengthen regional energy security and promote economic integration across Southern Africa.
The Namibian leader made the remarks at the official launch of the project in Walvis Bay, where she commended Aliko Dangote, President and Chief Executive of Dangote Industries Limited, for demonstrating confidence in Africa’s economic potential through strategic investments in energy infrastructure.
She described the occasion as the most memorable day of her presidency.
“Today is the most memorable day of my presidency,” Nandi-Ndaitwah said, noting that the investment reflects the growing capacity of African entrepreneurs to drive the continent’s economic transformation.
The project comprises a proposed 600-million-litre petroleum storage facility and an approximately 1,700-kilometre regional pipeline network expected to position Namibia as a major fuel distribution hub for Southern Africa.
The infrastructure is designed 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 objectives of the African Continental Free Trade Area (AfCFTA).
She added that the project would create employment opportunities, encourage skills transfer and support industrial expansion.
Speaking at the ceremony, Dangote said the investment forms part of the Group’s broader vision to establish interconnected centres of production, storage and distribution across Africa.
He disclosed that the facility, located near Walvis Bay, would have the capacity to store 360 million litres of diesel and 240 million litres of petrol.
According to him, the proposed pipeline network will connect Namibia to key markets in Botswana, Zambia, Zimbabwe, Malawi and parts of the Democratic Republic of Congo (DR Congo).
“We want to invest heavily so that landlocked countries can access petroleum products at cheaper prices,” Dangote said.
The African industrialist also disclosed that the Group had increased its Africa-wide investment ambition towards 2030 from $50 billion to $60 billion, signalling plans for further expansion across the continent.
“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,” he said.
Reaffirming his commitment to Africa’s economic transformation, Dangote maintained that the continent possesses the natural resources, human capital and market potential required to achieve sustainable industrialisation.
“Africa must industrialise Africa,” he declared.
Also speaking, the Governor of Namibia’s Erongo Region, Dr Nathalia ǀGoagoses, welcomed the investment, describing it as a strategic initiative that would strengthen Namibia’s position 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 further investments in infrastructure projects capable of driving economic growth, creating jobs and improving prosperity across the continent.
