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Aliko Dangote, Africa’s wealthiest individual and Chairman of the Dangote Group, met with His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, to explore new investment prospects.
The meeting, which took place in Dubai, centered on exploring new global co-investment opportunities and leveraging Dubai’s status as a financial hub for international diversification.
Dangote previously announced plans to establish a Family Office in Dubai, which is being led by his daughter, Halima. This office is the vehicle for exploring global co-investment opportunities with specialized firms and institutions.
The Investment Corporation of Dubai (ICD) is already a shareholder in Dangote Cement Plc, having acquired a minority stake for $300 million nearly a decade ago. Further deals with the ICD are being explored in sectors like agriculture and oil.
Other Africa leading investors and philanthropists were also present at Dubai’s Address Creek Harbour Hotel for the UAE-Africa Business Leaders meeting, where Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai, engaged with the delegation to discuss investment and development opportunities across the continent.
Among them were Aliko Dangote, Johann Rupert, Naguib Sawiris, Abdul Samad Rabiu, Patrice Motsepe, Mohammed Dewji, Tony Elumelu, and Strive Masiyiwa.
Badr Jafar, Special Envoy of the Minister of Foreign Affairs for Business and Philanthropy and host of the delegation, said:
“This visit brings together leaders whose decisions shape economic and social outcomes across the continent. When business, government, and philanthropy work in alignment, we unlock solutions that strengthen resilience, expand opportunity, and support long-term prosperity.”
The meeting unfolded amid the UAE’s growing footprint in Africa, exemplified by the $1 billion AI for Development Initiative launched at the November 2025 G20 summit.
In his address, Sheikh Mohammed stressed: “By working closely with partners across the continent, we aim to advance innovation, strengthen energy and food security, expand opportunity, and build pathways for more resilient, inclusive, and sustainable economies.”
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