African industrialist and President of Dangote Industries Limited, Aliko Dangote, has reaffirmed his commitment to driving Africa’s industrial transformation, announcing plans to invest $60 billion in industrialisation by 2030, with even greater investments expected between 2030 and 2035.
He made the announcement during the official launch of the Dangote Industries Namibia Tank Farm and Regional Pipeline Project in Walvis Bay, Namibia, which also featured the groundbreaking ceremony for a strategic petroleum storage and distribution facility.
Speaking at the event, Dangote stressed the need for Africa to take greater responsibility for shaping its industrial future through homegrown investments, innovation and strategic partnerships.
He said the planned investment forms part of Dangote Industries’ broader ambition to accelerate industrial development across the continent, strengthen local production capacity and reduce Africa’s dependence on external investments.
Dangote further disclosed that the Namibia Tank Farm and Regional Pipeline Project is expected to be completed within 18 to 20 months.
According to him, the project will play a significant role in strengthening Namibia’s energy security while supporting regional integration, improving petroleum storage and distribution infrastructure, and advancing industrial development across Africa.
He expressed appreciation to the President of Namibia, Her Excellency Dr Netumbo Nandi-Ndaitwah, and the Government of the Republic of Namibia for their support and commitment towards the successful implementation of the project.
The investment ambition and the Namibia infrastructure project underscore Dangote’s broader vision of positioning African-owned capital, industrial infrastructure and technological capacity at the centre of the continent’s economic transformation.
His message was clear: Africa’s industrial future must be driven by Africans, supported by strategic investments and built on the continent’s capacity to produce, process and distribute its own resources.
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