State House, Banjul, 7th July 2026: President Adama Barrow has announced that Africa's leading industrialist, Alhajie Aliko Dangote, has committed to invest US$2 billion in The Gambia. The announcement followed a meeting at State House in Banjul, where President Barrow received Alhajie Dangote, President and Chief Executive of the Dangote Group, on the margins of the African Caucus 2026 Meetings hosted by The Gambia. Alhajie Dangote was accompanied by the Chief Executive Officer of the First Bank Group, Mr. Olusegun Alebiosu, a supporting partner in the initiative.
The engagement culminated in a landmark commitment to two transformative projects: the establishment of a 250-megawatt solar power plant and the development of a modern fuel tank farm to strengthen national fuel storage and supply security. The 250-megawatt solar power plant will substantially expand The Gambia's electricity generation capacity, accelerate the country's transition to renewable energy, and support the Government's commitment to delivering reliable and affordable power to households, businesses, and industries. The fuel tank farm will establish strategic petroleum storage capacity, safeguarding the country against supply disruptions and contributing to price stability for Gambian consumers.
Receiving the delegation, President Barrow welcomed the partnership as a strong vote of confidence in The Gambia's stability, reform agenda, and investment climate. He affirmed the Government's full commitment to facilitating the timely realisation of the projects and directed the relevant ministries, departments, and agencies to work closely with the Dangote Group's technical teams to advance implementation. For his part, Alhajie Dangote commended President Barrow for his leadership and for the warm hospitality extended to his delegation. He reaffirmed the Dangote Group's confidence in The Gambia as an investment destination and its readiness to deliver projects of the highest international standard.
The two sides agreed to formalise the partnership through the conclusion of the requisite agreements, the conduct of feasibility and technical studies, and the establishment of joint implementation structures to translate the commitment into delivery. The Government of The Gambia views this partnership as a significant milestone in its national development agenda and a clear demonstration of the growing confidence of leading African investors in the Gambian economy. The Barrow Administration remains committed to championing intra-African trade and investment and to welcoming serious investors into the Gambian economy.
