Africa Needs $9 Billion to Expand Fuel Infrastructure, Puma Says
- Trafigura unit conducted research on pipelines and ports
- Consumption of fuel products in Africa set to grow 56% by 2040
Construction workers ride in the back of a pickup truck past a Puma Energy gas station Lilongwe, Malawi.
Photographer: Waldo Swiegers/BloombergThis article is for subscribers only.
Africa must invest $9.3 billion to expand fuel-transportation infrastructure to avoid supply disruptions as demand grows, according to Puma Energy, one of the continent’s biggest fuel retailers.
The continent has a sparse network of fuel pipelines that make up only a fraction of what’s been built in the US. Fuel distribution units of traders including Vitol Group see Africa as a place of transportation growth that’s reliant on gasoline and diesel — which will require investment.