Dangote Group looks at investing in Egypt after a visit by Egypt's investment minister

Lagos — Nigeria's Dangote Group is exploring industrial investments in Egypt, following a visit to the Dangote Industrial Complex in Lagos by an Egyptian delegation led by Mohamed Farid, Egypt's Minister of Investment and Foreign Trade.

The delegation, which included Egypt's Ministry of Petroleum and Mineral Resources, the General Authority for Investment and Free Zones, the Egyptian General Petroleum Corporation, the Egyptian Petrochemicals Holding Company and the Sovereign Fund of Egypt, met Aliko Dangote and senior executives to discuss partnerships, joint ventures and new production capacity.

"A combined market of nearly 400 million people"

"With a combined market of nearly 400 million people, Nigeria's vast energy resources and Egypt's established industrial base provide a solid foundation for accelerating cooperation in manufacturing, energy, petrochemicals and fertiliser production," Farid said.

Asked whether Egypt wanted Dangote to build a refinery there, he said cooperation went well beyond refining. "Investment does not strictly have to be in a refinery; there are numerous sectors ripe for joint ventures that add value to both nations and the broader continent," he said. Egypt's petroleum ministry offered the country's location, ports and storage as a hub for exporting petroleum and chemical products to Europe and other markets.

Africa building for Africa

Dangote called the visit an illustration of the potential of greater economic integration across Africa. "As an African entity, we are committed to building industries that add value to the continent," he said, adding that African companies growing across regional markets was essential to industrialisation and economic self-reliance.

The talks fit Dangote Group's Vision 2030 strategy to expand its industrial footprint across the continent.

Source: Daily News Egypt, November 2026.