Blackstone partners Black Rhino, Dangote
Issue 283
- 08 Aug 2014
| 1 minute read
African infrastructure development firm Black Rhino is partnering Dangote Industries to invest up to $5bn in energy infrastructure projects in sub-Saharan Africa over the next five years. New York Stock Exchange-listed asset management company Blackstone had earlier announced that it was backing Black Rhino with the aim of identifying, developing, financing, constructing and operating large-scale infrastructure projects in sub-Saharan Africa. The deal will see Blackstone fund Black Rhino’s operations and invest in its projects on a deal-by-deal basis. The focus will be on power generation, transmission, fuel storage and pipelines.
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