Politics
DANGOTE RAISES AFRICA INVESTMENT TARGET TO $70 BILLION, PLANS 10,000MW POWER INTERVENTION
Aliko Dangote has raised Dangote Industries’ planned African investment programme from $50 billion to about $70 billion under Vision 2030 and says the group is considering a separate 10,000MW electricity generation intervention across the continent, potentially including Nigeria. The company already generates almost 1,500MW of captive power for its own operations and expects that internal capacity to rise to between 4,500MW and 5,000MW by 2030. Dangote argues that reliable power, industrial production and job creation are essential to Africa’s economic development, although specific locations, financing structures and timelines for the 10,000MW programme have not yet been announced.
BigV•1h ago•1 min read