Nigeria's Dangote Refinery to Create Namibia Fuel Tanker Hub for Southern Africa
16:03 03.05.2026 (Updated: 19:45 03.05.2026)
© AP Photo / Sunday Alamba
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Nigeria's Dangote Refinery to Create Namibia Fuel Tanker Hub for Southern Africa: Media
Africa's largest refinery partners with Afreximbank to create a Namibia-based tanker hub, cutting reliance on Persian Gulf imports amid the Middle East conflict, a local TV broadcaster reported.
The $10 billion hub will reportedly cut delivery time from Nigeria to 5 days, slashing fuel costs by 15-20% within 18 months. The bank is procuring 550 tanker trucks with funding from private investors.
Tankers will deliver to Walvis Bay port, from where trucks serve Botswana, Zambia, and Zimbabwe via road links, Afreximbank Senior VP Denys Denya was quoted by the broadcaster as saying.
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Africa's largest refinery partners with Afreximbank to create a Namibia-based tanker hub, cutting reliance on Persian Gulf imports amid the Middle East conflict, a local TV broadcaster reported.
The $10 billion hub will reportedly cut delivery time from Nigeria to 5 days, slashing fuel costs by 15-20% within 18 months. The bank is procuring 550 tanker trucks with funding from private investors.
Tankers will deliver to Walvis Bay port, from where trucks serve Botswana, Zambia, and Zimbabwe via road links, Afreximbank Senior VP Denys Denya was quoted by the broadcaster as saying.
AI-generated image
Subscribe to @sputnik_africa
Sputnik Africa | X
