OSLO, May 11 – Africa’s richest man, Aliko Dangote held high-level talks with Nicolai Tangen, the head of the world’s largest sovereign wealth fund manager, as global institutional investors deepen interest in Africa’s industrial growth opportunities.
The meeting involved Norges Bank Investment Management, which oversees approximately $2 trillion in assets on behalf of Norway’s sovereign wealth fund, signaling growing interest from global institutional investors in Africa’s industrial, energy and infrastructure sectors.
According to a statement from the Dangote Industries, the Norwegian investment institution expressed interest in partnering with Dangote Group to expand investments across Africa in sectors including power, energy, renewable energy, agriculture, fertiliser and cement.
The meeting also brought together Svein Tore Holsether, Chief Executive Officer of Yara International, one of the world’s leading fertiliser and agricultural companies, and Terje Pilskog, Chief Executive Officer of Scatec, a global renewable energy company.
The discussions underscore growing international investor confidence in Africa’s long-term infrastructure and industrial potential, particularly as the continent seeks greater investment in energy transition, food security and manufacturing capacity.
For Dangote Group, the proposed collaboration could support further expansion across strategic sectors tied to Africa’s economic development agenda, including industrial infrastructure and large-scale energy projects.
The Norwegian sovereign wealth fund has increasingly expanded its exposure to emerging markets in recent years, with Africa viewed as a key frontier for long-term investment opportunities and economic growth.
A potential partnership between the fund and Dangote Group could channel significant institutional capital into African infrastructure and industrial projects, supporting regional integration and broader economic transformation across the continent.
