NewsExpress advert FCMB banner Fidelity bank banner NewsExpress advert
Dangote, Blackstone to invest N825 billion on power, transmission and pipeline projects

By News Express on 05/08/2014

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 2,556


Dangote Industries and Blackstone today announced a commitment to jointly invest up to $5 billion (N825 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 14 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 Africa.

•Photo shows Dangote Industries’ President and CEO Aliko Dangote.

Source News Express

Posted 06/08/2014 12:18:23 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Dasuki: Senior Advocate seeks FG’s obedience of ECOWAS...

Femi Kuti loses again at the Grammys

Britain vows ‘to export gay marriage around the...

Nigeria declares meningitis outbreak over, Minister confirms 1,166...

Haruna takes over as Permanent Secretary of Federal...

Trump blames FBI for deadly Florida school shooting...

Africa records first case of Zika virus

N1.7bn Fraud: EFCC arraigns FirstNation Airways’ MD, Odukoya...

Reps to probe alleged abuse of expatriate quotas...

Oba Nri spits fire, tells imposters: Quit parading...

Nigeria’s external reserves hit $40.4 billion •CBN injects...

Integration with global economy turns the regulatory heat...

 

Latest News BREAKING: Senator Melaye arrested at the airport, foreign trip cut short Nigeria opts out of AfCFTA despite huge benefits to region – IMF U.S. to deliver 12 war jets to Nigeria Moghalu bags UN World Food Programme appointment Why we didn't attend US-Nigeria Investment Summit: Emefiele, Adeosun EKITI 2018: 33 APC governorship aspirants obtain forms Nigeria to sustain positive growth outlook — Adeosun, Emefiele Chibok Schoolgirl’s Parent Dies In Road Accident Niger Govt. spends N787m on Colleges of Nursing Sciences •School of Nursing Bida gets full accreditation after 42 years Nude gunman kills three in US restaurant World's oldest person dies at 117 Bloodshed across Nigeria worrisome — Gowon

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (339,484 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (334,432 views) Shameless Genevieve Nnaji exposes breasts in public (267,618 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (220,058 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (201,991 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (197,978 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (172,731 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (155,078 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (147,026 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (138,879 views) Lagos plane crash: Journalist releases victims’ names (136,788 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (129,486 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (36) Business & Economy (3,067) Business Verdict (40) Columnists (836) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (483) Features (568) Global Business Monitor (262) International (1,921) Interview (149) Live Commentary (28) Love Matters (116) News (34,671) Opinion (915) Pidgin (10) Politics (4,801) Religion (722) Sports (1,484) Stock Watch (28) AMA & Al Jazeera Global Update

 

 

NLNG Science and Literature Prize Awards

 

 

NEWS EXPRESS TV

Boko Haram commanders surrender

 

APO Group Partner

 

 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement