Africa’s leading industrialist and President of the Dangote Group, Aliko Dangote, has committed to invest US$2 billion in The Gambia through two major energy infrastructure projects aimed at expanding electricity generation and strengthening the country’s fuel security.
The investment commitment was announced by President Adama Barrow following a meeting with Dangote at the State House in Banjul on Tuesday, on the sidelines of the African Caucus 2026 Meetings being hosted by The Gambia.
Dangote was accompanied by the Chief Executive Officer of First Bank Group, Olusegun Alebiosu, whose institution is supporting the initiative.
The investment package includes the construction of a 250-megawatt solar power plant and the development of a modern fuel tank farm.
According to the Presidency, the planned solar power facility is expected to significantly increase The Gambia’s electricity generation capacity, accelerate the country’s transition to renewable energy and support the government’s objective of providing reliable and affordable electricity to households, businesses and industries.
The proposed fuel tank farm is intended to establish strategic petroleum storage capacity, improve resilience against supply disruptions and contribute to greater price stability in the domestic fuel market.
President Barrow described the investment as a “strong vote of confidence” in The Gambia’s stability, ongoing reforms and investment climate. He reaffirmed the government’s commitment to facilitating the timely execution of the projects and directed relevant ministries, departments and agencies to work closely with the Dangote Group’s technical teams to advance implementation.
Dangote, for his part, also emphasized the Dangote Group’s confidence in The Gambia as an investment destination and its readiness to deliver projects of the “highest international standard.”
Both parties agreed to formalise the partnership through the necessary agreements, undertake feasibility and technical studies, and establish joint implementation structures to move the projects from commitment to execution.
The Gambian government said the agreement represents a significant milestone in the country’s development agenda and reflects growing confidence among leading African investors in the country’s economy.
