Dangote, Black Rhino partner on $5bn energy projects in Africa

The Dangote Group has signed a joint venture agreement with the Black Rhino Group to develop about $5 billion (about N1 trillion) worth of energy infrastructure in Africa, Daily Trust reports.
Black Rhino is a subsidiary of the Black Stone Group, the world’s current largest Private Equity and Asset Management Company. The President of Dangote Group, Alhaji Aliko Dangote announced that the joint venture agreement was already looking into setting up power plants in Kano and Abuja, in Nigeria.
“Elsewhere in the continent we are already exploring opportunities in Togo and Zimbabwe, and most of these plants will be coal-based, as we have developed expertise and capacity through the provision of captive power to all our factories,” he said.