access ad

ziva

 

 

Dangote, Blackstone to invest N825 billion on power, transmission and pipeline projects

Business

Dangote Industries and Blackstone on Tuesday announced a commitment to jointly invest up to $5 billion (825 billion) over the next five years in energy infrastructure projects across Sub-Saharan Africa with a particular emphasis on power, transmission and pipeline projects.

The investment is facilitated by Black Rhino, a portfolio company of Blackstone Energy Partners and affiliated funds managed by Blackstone, and Dangote Industries.

While Dangote Industries is the largest industrial conglomerate in West Africa, and one of the largest in Africa, Blackstone Energy Partners is Blackstone's energy-focused private equity business, with a successful record built on Blackstone's industry expertise and partnerships with exceptional management teams, based in the United States of America. Blackstone has invested approximately $7 billion of equity globally across a broad range of sectors within the energy industry.

Dangote Industries' commitment to investments in Nigeria and across the African continent has played a significant role in Africa's recent economic success. Led by its Founder, President and Chief Executive Officer Aliko Dangote, Dangote Industries' businesses span manufacturing, logistics, commodities trading and real estate across fourteen African countries.

The two internationally acclaimed companies have agreed to jointly incorporate, own and operate a management company that will be responsible for the development and management of projects identified and agreed upon, across the sub-Saharan African.

The companies will undertake the following projects, among many others in Nigeria

Today7
Yesterday2
This week20
This month43
Total1188933

Visitor Info

  • IP: 216.73.216.96
  • Browser: Unknown
  • Browser Version:
  • Operating System: Unknown

Who Is Online

1
Online

2026-04-17

Joomla! Debug Console

Session

Profile Information

Memory Usage

Database Queries