World’s largest sovereign wealth fund eyes partnership with Dangote Group on Africa investments
The world’s largest sovereign wealth fund manager, Norges Bank Investment Management, is exploring potential investment partnerships with Africa’s leading industrial conglomerate, Dangote Group, following high-level talks between both parties.
Black News 
![Aliko Dangote (President & CEO - Dangote Group) speaks on stage during Semafor World Economy 2026 on April 16, 2026 in Washington, DC. [Photo by Tasos Katopodis/Getty Images for Semafor World Economy]](https://ocdn.eu/pulscms/MDA_/9979a898ee3aed0dd688c5bf5dc6c867.jpg)
The world’s largest sovereign wealth fund manager, Norges Bank Investment Management, is exploring potential investment partnerships with Africa’s leading industrial conglomerate, Dangote Group, following high-level talks between both parties.
- Norges Bank Investment Management is exploring investment partnerships with Dangote Group after high-level talks.
- Discussions focused on collaboration across sectors such as power, energy, renewables, agriculture, fertiliser, and cement.
- Senior executives from Yara International and Scatec also attended, emphasising interest in industrial and sustainable development.
- This engagement reflects growing global investor confidence in Africa's industrial and infrastructure growth.
The world’s largest sovereign wealth fund manager, Norges Bank Investment Management, is exploring potential investment partnerships with Africa’s leading industrial conglomerate, Dangote Group, following high-level talks between both parties.
Aliko Dangote, President and Chief Executive of Dangote Group, met with Nicolai Tangen, CEO of Norges Bank Investment Management, which oversees approximately $1.9 trillion in global assets, to discuss opportunities for collaboration across Africa’s key growth sectors.
According to discussions from the meeting, the Norwegian fund expressed strong interest in partnering with Dangote Group to expand investments across the continent, particularly in power, energy, renewable energy, agriculture, fertiliser production, and cement manufacturing.
The meeting also included senior executives from Yara International and Scatec, reflecting a broader focus on industrial cooperation and sustainable infrastructure development.
The engagement signals growing international investor confidence in Africa’s industrialisation and infrastructure expansion agenda, as well as the increasing role of African conglomerates in attracting large-scale global capital for development-focused projects.
Africa investment interest rises
Dangote Group, one of Africa’s largest privately owned industrial firms, operates across the cement, fertiliser, and energy sectors, with ongoing investments aimed at strengthening regional industrial capacity and supporting economic transformation across the continent.
For Norges Bank Investment Management, the discussions align with its broader strategy of increasing exposure to emerging markets, with Africa increasingly viewed as a long-term investment frontier driven by demographic growth, urbanisation, and infrastructure demand.
If the partnership materialises, it could unlock significant institutional capital flows into Africa’s infrastructure and industrial sectors, supporting energy transition initiatives, strengthening food security systems, and accelerating manufacturing expansion across multiple economies on the continent.
