HomeRegional NewsEast AfricaBlackstone and Black Rhino partner to develop Africa’s energy infrastructure

Blackstone and Black Rhino partner to develop Africa’s energy infrastructure

Blackstone and Black Rhino have announced their partnership to invest in Africa’s energy infrastructure. According to a Blackstone press release, the global investment and advisory firm and the African infrastructure development company [Black Rhino], will “identify, develop, finance, construct and operate large-scale infrastructure projects across sub-Saharan Africa … including power generation, transmission, fuel storage and pipelines.”

Both companies are well versed in Africa’s energy sector with Blackstone’s lead investor role in the 250 MW Bujagali Hydropower Plant in in Uganda and founding of oil and gas exploration company, Kosmos associated with discovery and development of the Jubilee oil field in West Africa. Black Rhino’s geographical portfolio includes projects in Ethiopia, Nigeria, South Africa and Djibouti.

In the press release, Sean Klimczak, Senior Managing Director at Blackstone said “We look forward to partnering with Black Rhino in developing energy infrastructure and power projects in Africa, where the need for investment is enormous,” said. “Black Rhino has a world-class team, extensive experience and a strong track record of working together with local stakeholders, which make them an ideal partner as Blackstone looks to invest in Africa for the long term.”

Black Rhino’s Founder and CEO, Brian Herlihy said “Blackstone is uniquely positioned as a leader in the greenfield energy space, having undertaken development and construction of over $25 billion of greenfield projects globally. Moreover, they have done this in demanding environments such as Africa before. With Blackstone as its partner, we are convinced that Black Rhino will be able to undertake truly transformational projects in the power and energy sectors that are necessary for Africa to maintain the significant economic growth it is currently experiencing.”

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