Africa’s richest man, Aliko Dangote, is extending his infrastructure investment drive across the continent with a proposed $2 billion commitment to transform The Gambia’s power and fuel sectors, reinforcing his ambition to build industrial assets beyond Nigeria.
Gambian President Adama Barrow announced the proposed investment after meeting Dangote in Banjul on Tuesday during the African Caucus 2026 meeting.
According to a State House statement, the proposal includes a 250-megawatt solar power plant and a modern fuel storage terminal designed to strengthen electricity supply and improve the country’s petroleum reserves.
Dangote was accompanied by First Bank Group Chief Executive Olusegun Alebiosu, signalling that financing discussions are already being backed by one of Nigeria’s largest financial institutions.
A transformative project for The Gambia
