Fidelity bank card banner Camano banner
Blackstone appoints Emir Sanusi African Chairman

By News Express on 13/06/2015

Views: 2,686


Private equity giant, Blackstone Group has strengthened its ties to Nigeria by announcing Thursday that its Black Rhino unit had appointed Lamido Sanusi as Chairman of its Board of Directors.

Sanusi is the emir of Kano, Nigeria’s northern state, a traditional leader who still wields considerable influence. He is also the former governor of the country’s central bank.

The appointment comes after $310 billion Blackstone announced in August 2014 that it had partnered with Dangote Industries – led by Nigerian billionaire Aliko Dangote – to invest jointly up to $5 billion over the next five years in energy infrastructure projects across Sub-Saharan Africa, part of President Barack Obama’s Power Africa initiative to match private capital with continental energy needs.

No projects for the joint venture have been announced, but Blackstone is considering an investment alongside Dangote to construct pipelines to bring gas from the country’s energy-rich southern delta region to its business center, Lagos, according to a person familiar with the situation and comments previously made by Dangote. Dangote said he plans to invest up to $2.5 billion in the pipes, which would potentially quadruple the supply of gas to the country.

A spokesman for Blackstone declined to comment on the pipelines.

“Emir Sanusi has a comprehensive mastery of the interdependence of Africa with the global economy,” Mimi Alemayehou, chairman of Blackstone African Infrastructure and Managing Director at Black Rhino, said in a statement.

“He has the courage and integrity necessary to give us the full, candid and impartial counsel that a long-term investor in Africa needs. We are gratified and, indeed, privileged to have a partner of such immense stature alongside us as we chart our course,” he said.

Black Rhino’s only announced project so far is a $1.4 billion oil pipeline from sea ports in Djibouti to Ethiopia, a landlocked country that now relies on trucks to bring in fuel.

•Adapted from a CNBC report. Photo shows Sanusi.

Source News Express

Posted 13/06/2015 06:00:10 AM

 

 

CLASSIFIED ADS

 

You may also like...
APC Governors boycott security meeting

Boko Haram still in Sambisa forest, says Shekau...

Herdsmen abduct 67 in Taraba

Kidnappers lay siege to Oyo communities

Military, Police investigate photos showing ‘personnel’ flashing signs...

Atiku hits back at APC, says claim on...

Elections: Buhari Govt., Governor Abubakar, security agencies planning...

Plane misses runway, crashes into road

Govts pushing us to early graves — Pensioners...

2019: The battle is won already — Okowa...

New UN study finds digital payments to Ebola...

Confab wants Lagos – Enugu rail line, speedy...

 

Latest News New twist in COZA Pastor’s rape saga: Police invites Timi, Busola Dakolo over alleged falsehood Banditry: Angry villagers take corpse to Zamfara Government House I am ready to lay down my life for Nigeria’s recovery — Obi American firm hoists Nigerian flag to honour exceptional employee Ruga: BNYL asks Igbo, Ijaw, Efik in North to return home as CNG’s deadline approaches Cultists wear Obas’ regalia, Ondo monarchs allege Insecurity: FG begins consultations with traditional rulers Police kill four teenage robbers in Edo Anambra community dismisses armoury rumour, threatens court action US-led war looming with Iran 1 killed, 8 injured in Ogun petrol tanker fire Enyimba Economic City receives further boost as IFC signs agreement

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (510,482 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (431,702 views) Shameless Genevieve Nnaji exposes breasts in public (373,712 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (316,877 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (282,645 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (247,317 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (239,476 views) 10 cars more expensive than Jets (224,177 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (221,361 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (208,926 views) Lagos plane crash: Journalist releases victims’ names (188,487 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (187,103 views)

 

NLNG Job Vacancy

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (97) Business & Economy (4,358) Business Verdict (76) Columnists (1,075) Complaints & Requests (95) Enterprise & Opportunities (211) Entertainment (636) Features (780) Global Business Monitor (396) ICT Monitor (54) International (3,730) Interview (193) Live Commentary (30) Love Matters (164) Maggie's Blog (342) News (48,876) Opinion (1,293) Pidgin (17) Politics (11,173) Religion (1,051) Sports (2,106) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera