Business Nigeria's Dangote Group Partners Black Rhino to Develop $5bn Energy Project

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Nigeria's Dangote Group has signed a joint venture with the Black Rhino Group to develop a $5 billion (about N1 trillion) 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, made the announcement Friday while delivering the 38th Pre-Convocation Lecture titled: The Role of Entrepreneurship in National Development: The Story of the Dangote Group.

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