Dangote Plans $10bn Power Investment To End Africa’s Electricity Deficit

President of Dangote Group, Aliko Dangote, has announced plans to invest more than $10 billion in the power sector over the next few years to help close Africa's electricity gap. In an interview with Al Jazeera, he said the group could cancel one or two existing businesses, such as steel, and redirect the funds into power. Dangote noted that more than 600 million Africans still lack access to electricity, describing it as an unacceptable situation. He stressed that industrial growth depends on energy, saying, 'We will never, ever create growth without power.'

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