Southern Africa: Namibia Poised As Southern Africa’s New Budget Fuel Hub

Namibia is set to supply fuel to Botswana, Zimbabwe and Zambia at a cheaper rate.

This is as Nigerian billionaire Aliko Dangote last year announced plans to build a 2 000km fuel pipeline from Walvis Bay through Botswana to Bulawayo in Zimbabwe.

Dangote is working closely with the African Export and Import Bank (Afreximbank) to set up a US$3-billion (about N$49.6 billion) facility targeted at promoting intra-African trade in fuels and will establish a tank farm at Walvis Bay to transport fuel at a…