Dangote meets CEO of world’s largest Sovereign Wealth Fund as Norges Bank eyes partnership across key African sectors

Aliko Dangote, President and CEO of the Dangote Group, has held a high-level meeting with Nicolai Tangen, CEO of Norges Bank Investment Management, which manages the world’s largest sovereign wealth fund with approximately $1.9 trillion in assets.

During the meeting, the Norwegian investment institution expressed strong interest in partnering with Dangote Group to expand its footprint across Africa, focusing on strategic sectors including power, energy, renewables, agriculture, fertiliser, and cement.

Also present were Svein Tore Holsether, CEO of Yara International, a leading global fertiliser and agricultural company, and Terje Pilskog, CEO of Scatec, a global renewable energy firm.

According to a Dangote Group statement released on Sunday, the engagement reflects growing global investor confidence in Africa’s industrial and infrastructure potential, as well as the increasing role of indigenous conglomerates like Dangote Group in driving large-scale economic transformation.

The statement added that for Dangote Group, the potential partnership represents a major opportunity to deepen investments in sectors critical to Africa’s development, particularly energy transition, food security, and industrial capacity expansion.

The Norwegian sovereign wealth fund, widely seen as a benchmark for global institutional investment, has recently shown increased interest in emerging markets, with Africa regarded as a frontier for long-term value creation.

A collaboration between the fund and Dangote Group could unlock substantial capital flows into infrastructure and industrial projects, further accelerating economic growth and regional integration across the continent.

About The Author

Dele Fashomi

Dele Fashomi, seasoned journalist and communication teacher, is a holder of Master of Arts degree in Communication and Language Arts from the University of Ibadan in 1992/93.

Earlier, he had bagged a Bachelor degree from the same university in 1984, after which he proceeded to the Nigerian Institute of Journalism, Lagos, in 1990, for a postgraduate diploma in Journalism.

He had done many courses in communication, including the EU-BBC Editing Course in 2002.

Mr. Fashomi combines effectively the practice, research and teaching of communication. And to date, he has published two academic works in communication: Issues in Communication Technology and Policy (2010) and Economic and Social Issues in Advertising and PR (2013).

He had his first break in the Nigerian media in Concord Newspapers in 1990 and today, he has over two and half decades experience earned in several newspapers.

He has been part of many start-ups, such as The Republic (1987), The Comet (1999), The Anchor 2001 – 2002; Sun Newspapers (2003); Westerner newsmagazine (2005 – 2010) as Editor; National Life (2011) as Sunday Editor, and Newswatch Newspapers (2012- 2016) as Daily Editor.

Dele Fashomi is now the Publisher/Editor-in-Chief of Newstide247.com newspaper online, which he started in July 2015. He is also into biography writing, with many books in his trail, some of which he wrote alone and one he co- authored with his mentor, Mr Dare Babarinsa, entitled:  Olabiyi Durojaiye – DARE TO BE DiFFERENT. He also guided and collaborated with Pa Olatunji Odusanya in writing his autobiography – AGAINST ALL ODDS. There are many other books in the works under his pen.

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