Dangote says he plans more than $10bn power investment across Africa
Aliko Dangote says he plans to invest more than $10bn in Africa’s power sector. The proposed investment is intended to help address the electricity deficit affecting the continent, according to a report by Punch Nigeria, although the available material gives no timetable or project details.
Aliko Dangote, described by Punch Nigeria as Africa’s richest man, says he plans to invest more than $10bn in the continent’s power sector. The proposed investment is aimed at addressing Africa’s electricity deficit, according to the report. Dangote’s statement identifies power supply as the focus of the planned spending, but the available source material does not specify the countries, projects or companies that would receive the investment.
It also does not give a timetable for the proposed commitment or explain how the funding would be structured. The report provides no further details about the expected generation capacity or the stages of implementation. Dangote’s plan was reported by Punch Nigeria under the headline “Dangote to invest over $10bn in Africa’s power sector.”
This independently written report is based on information supplied by the named publisher. Vertrix News has not independently verified the source report.