Aliko Dangote Explores Namibia for Green Hydrogen Investments
Key Ideas
  • Aliko Dangote is looking to invest in Namibia as part of his pan-African investment strategy, focusing on the country's green hydrogen push and energy ambitions.
  • During his visit to Windhoek, Dangote met with President Netumbo Nandi-Ndaitwah to discuss investment opportunities and emphasized the importance of African-led development and intra-continental trade.
  • Dangote highlighted his significant investment in South Africa and shared plans to expand industrial production across Africa, aligning with Namibia's goals for value addition and job creation through African-owned ventures.
  • President Nandi-Ndaitwah welcomed Dangote's initiative, affirming Namibia's readiness for business and endorsing investments that bring hope, jobs, and sustainable impact to the continent.
Africa's richest man, Aliko Dangote, is considering Namibia as the next frontier for investment as part of his pan-African business expansion. During his recent visit to Windhoek, the capital of Namibia, Dangote engaged with President Netumbo Nandi-Ndaitwah to explore potential investment opportunities. The Dangote Group's interest in Namibia aligns with the country's focus on green hydrogen and energy initiatives. Dangote, known for launching the world's largest oil refinery, emphasized the importance of African-driven development and promoting trade within the continent. His discussions with President Nandi-Ndaitwah revolved around the $620 million investment in South Africa and the group's plans to enhance industrial production across Africa. President Nandi-Ndaitwah welcomed Dangote's investment plans, emphasizing the significance of value addition and job creation through African-owned enterprises. She expressed Namibia's openness to business, particularly from entrepreneurs like Dangote who can bring hope, employment opportunities, and sustainable growth to Africa. This collaboration signifies a positive step towards economic development and fostering entrepreneurship in Namibia and the broader African region.
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