Dangote calls on Africa to keep its capital at home as industrialization takes center stage at Unstoppable Africa
Aliko Dangote, President and CEO of Dangote Group, told global business leaders at Unstoppable Africa 2026 on September 24, that Africa must stop exporting its capital and instead invest in its own industrial future, outlining an ambitious vision anchored in billions of dollars in investment, expanded refining capacity and broader public ownership. Pointing to Asia’s […]
Aliko Dangote, CEO of Dangote Group, urged African nations to retain their capital within the continent and invest in industrialization during the Unstoppable Africa 2026 forum in New York on September 24. Dangote drew parallels with Asia's economic growth, stating that Africa cannot achieve comparable industrial strength while exporting its capital.
He highlighted the significance of the African Continental Free Trade Area (AfCFTA) in providing the necessary scale for major industrial projects and encouraged businesses to persevere despite the challenges. The two-day forum attracted over 3,000 African and global leaders, showcasing Africa's economic potential and the global interest in stronger commercial partnerships with the continent.
Discussions also touched upon the continent's digital economy, with a focus on leveraging technology, particularly for the rapidly expanding youth population. Additionally, the creative economy and sports were emphasized as growing areas of opportunity, with partnerships being formed to support the empowerment and development of young people in Namibia.
Written by urgent.news from People Daily Kenya's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
