Dangote Partners Blackstone, Carlyle in $5bn Energy Deal 

Africa’s richest man Aliko Dangote has gone into partnership with Blackstone Group LP and Carlyle Group LP, the world’s two biggest private-equity firms, to invest in energy infrastructure in Nigeria and Africa.
They want to invest heavily. They couldn’t really find a local partner to work with and you are not going to move down here and sit here and make sure it is done, because you are doing business all over the world. There have been reports that the federal government was considering offering gas fields to power sector investors to boost electricity generation and end chronic power shortages in the country. Dangote said in the interview that he struck separate agreements with the private-equity firms to invest a combined $5 billion by 2019 with New York-based Blackstone in power projects.

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