Dangote Group, Norges Bank Investment Management Partnership

Aliko Dangote, President and CEO of Dangote Group, held a high-level meeting with Nicolai Tangen, CEO of Norway — Norges Bank, the world's largest sovereign wealth fund. Norway — Norges Bank expressed strong interest in partnering with Dangote Group to expand investments across Africa, focusing on strategic sectors such as power, energy, renewable energy, agriculture, fertilizer, and cement. This engagement highlights increasing global investor confidence in Africa's industrial and infrastructure potential and the growing role of indigenous conglomerates like Dangote Group in driving economic transformation. The proposed partnership offers Dangote Group a significant opportunity to deepen investments in key sectors critical to Africa's development, including energy transition, food security, and industrial expansion. Svein Tore Holsether of Yara International and Terje Pilskog of Scatec were also present at the meeting.