Namibia fuel hub targets Zim, regional markets

THE African Export-Import Bank (Afreximbank) is in talks with the Dangote Group to establish a fuel tank farm in Walvis Bay, a move aimed at supplying petroleum products to Zimbabwe and other regional markets.

The project forms part of a US$3 billion financing facility designed to strengthen intra-African trade in refined petroleum products and lower fuel costs across Southern Africa.

Afreximbank senior vice-president Denys Denya said refined fuel would be shipped from Lagos — home to the Dangote Refinery — to Walvis Bay, a journey expected to take less than five days.

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