Dangote Industries and Blackstone
yesterday announced a commitment
to jointly invest up to N825billion
($5billion) 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 would be
responsible for the development and
management of projects identified
and agreed upon across the sub-
Saharan African.


Source: leadership.ng/news/380063/dangote-blackstone-invest-n825bn-power

http://leadership.ng/news/380063/dangote-blackstone-invest-n825bn-power

Hope it turns out good...dis money big sha

when?


we need actions not words.

The word "to" has been on the lips of our Nigerian investors and politicians for a long time now.

jeesu! I hear. Gud morning.

Yet GEJ is not working, according to die-hard propangadist of the Aggrieved Peoples Congress. So what is attracting investors? Economist will tell you its good economic space. Just like the privatization and deregulation of the telecoms sector in 2002, the power sector in Nigeria will experience a great turnaround IN A MATTER OF TIME. GEJ has laid the foundation. It is necessary to return him in 2015 so those Asiwaju Puppets Crew will not take the glory on another mans effort. GEJ till but no further than 2019.

Would be a waste of Money. How much is the total amount that have been injected so far? Unless he will supervise the project himself, if not it would be like pouring water into a basket.

Mony

Nice move. I love this Dangote of a man. Pure business Entrepreneur.

At least some measure of goodnews in these times of distress and health troubles. ..pheeewww

US$5 000 000 000 000 ? No be small money.
The rich are are getting richer while the poor are praying to God to uplift their status.
Baba loke ma gba gbe mi oooooooo

That other man in suit looks so shabby. Looks too large for him.

If he is the ceo of Blackstone then this project has already failed o.

hope this money wont end up were others before it ended......

Space for loan.

Nice 1

Nice move

See moni!!

APPROVED!!

And the bible says let there be light!!!

Nigeria, investing billions of dollars in electricity since 241 BC...

Nice move by Dangote, now he is behind every basic commodity in this country now. Food... Fuel... Housing and constructions( shelter)... And now about to venture into power... Na only him waka come ?

with all this light will improve

Let's wait and see.

Ebubeslym: hope this money wont end up were others before it ended......

... Tah, this is not part of the national cake, the cake is privately owned and it will be well guided.

Nobleval: when?


we need actions not words.

The word "to" has been on the lips of our Nigerian investors and politicians for a long time now.

See your mouth....... why you no do the action? mmpppttssscchhheewwww

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kennaustine: Yet GEJ is not working, according to die-hard propangadist of the Aggrieved Peoples Congress. So what is attracting investors? Economist will tell you its good economic space. Just like the privatization and deregulation of the telecoms sector in 2002, the power sector in Nigeria will experience a great turnaround IN A MATTER OF TIME. GEJ has laid the foundation. It is necessary to return him in 2015 so those Asiwaju Puppets Crew will not take the glory on another mans effort. GEJ till but no further than 2019.

Hmmn what has GEJ got to do with private investors? Africa is a big land of oppurtunity for investors and trust me , they will get their money back.. The cost will be passed on to consumers (It is not free) so expect a hike in power price but be certain to get what you pay for.

justi4jesu: Hope it turns out good...dis money big sha

na so na, but trust Naija, nothing good last's for long