Africa’s richest man, Aliko Dangote, has expressed interest in investing in Namibia across several sectors, including oil, gas, and phosphate production.
Speaking during a courtesy visit to President Netumbo Nandi-Ndaitwah at State House in Windhoek on Thursday, Dangote highlighted his company’s growing footprint across the continent.
“We are present in more than 12 African countries with major investments in cement, fertiliser, and our newly completed 650,000-barrel-per-day oil refinery, which is the largest in the world,” he said.
“We built a refinery with a processing capacity of 650,000 barrels per day. In addition, we produce carbon black, LPG, and sulphate chips. Our fertiliser plant has a capacity of over 3 million tonnes, making it the second largest in the world in terms of output. We are also exploring opportunities in other African countries with phosphate resources to expand fertiliser production and related value chains.”
President Nandi-Ndaitwah welcomed Dangote’s visit, describing it as a positive development that could contribute to Namibia’s economic growth through greater intra-African investment.
“Meeting successful African entrepreneurs like yourself serves as a true inspiration for young Africans to play their part in the continent’s development. You are most welcome, and I’m glad you have finally made it, as promised. Please consider Namibia your home away from home,” the President said.
Meanwhile, Dangote also paid a courtesy visit to the Governor of the Bank of Namibia, Johannes !Gawaxab.
The apex Bank described the meeting as a “cordial and constructive exchange” and covered areas of mutual interest, including the significance of continental investment and the role of public-private partnerships in Africa’s development.
The Dangote Group, founded by Aliko Dangote, is a Nigerian-based multinational conglomerate and the largest industrial group in West Africa.
The company operates across key sectors such as cement, sugar and salt refining, food and beverages, and logistics, and is regarded as a major contributor to Nigeria’s and Africa’s economic landscape.
