The Group’s leadership presented its long-term growth strategy “Vision 2030: Supercharging Dangote Group for Long Term Success” to the Afreximbank Board of Directors and its executive team on Tuesday, 31 March 2026. The strategy outlines a two‑phase expansion programme spanning 2025–2028 and 2028–2030.

During the presentation, Dangote Group outlined plans to scale and optimise its existing platforms and expand capacity across all active sectors. Key initiatives include increasing the capacity of the Dangote Petroleum Refinery from 650,000 barrels per day (bpd) to 1.4 million bpd. Additionally, the Group intends to quadruple its Fertiliser production from 3 million tonnes per annum to 12 million tonnes per annum, a move that would position the Group as the world’s largest producer of urea fertiliser.

The expansion strategy encompasses rapid growth across other business lines, including cement, rice, and broader food production. Beyond its current portfolio, the Group identified new investment opportunities in infrastructure — including ports and pipelines — as well as gas, mining (as a gateway for semi‑processed and value‑added mineral exports), data centres to support Africa’s digital transformation and enterprise resilience, and power, described as the engine of Africa’s industrial transformation.

To drive the growth over the five years, the Dangote Group predicts that it will require at least $40 billion in new investments to realise its continental ambitions.

Recognising the strategic value of the partnership with Afreximbank, Mr. Aliko Dangote, President/Chief Executive, Dangote Industries Limited said: “Our partnership with Afreximbank is more than financial support; it is about a shared dream for the continent. When we set out to build a 650,000 barrel-per-day refinery—the largest of its kind in Africa—the Bank believed in our vision when others were sceptical. Without their leadership and trust, the development of the African continent would not be where it is today. We are joined at the hip with the bank because we share the same mission: to drive local capacity, eliminate our dependence on imports, and ensure Africa’s industrial growth is led by Africans.”

On his part, Dr. George Elombi, President and Chairman of the Board of Directors of Afreximbank, noted that the engagements demonstrated a strong convergence of purpose to free Africa from dependency and to ensure the continent’s resources are used to the benefit of its people. He expressed confidence that the collaboration would lead to “a formidable bond of partnership to make large-scale investments that will accelerate the changes we desire,” changes that have gained urgency amid increasing global fragmentation and protectionism.

Dr. Elombi recalled that at the onset of COVID 19 pandemic in 2020, Africa struggled to secure even the basic protective materials due to limited production capacity, adding that “even when financing was available, we could not access these essential items.”

He further pledged the readiness of Afreximbank and its Board of Directors to support the realisation of Dangote Group’s aspirations. “This is the very purpose for which our institution was created. As is deeply rooted in our DNA, we do not only listen—we execute and convert aspiration into action,”

The event also featured the signing of the agreement for US$2.5-billion facility underwritten by Afreximbank as part of a US$4-billion senior syndicated term loan in favour of Dangote Petroleum Refinery and Petrochemicals FZE.

The announcement coincides with the launch of a strategic partnership between Invest Africa and the Ghana High Commission London, including the Ghana Investment Summit.

Now in its 12^th year, The Africa Debate is the UK’s foremost platform for high-level dialogue on Africa’s economic future. The 2026 theme, “Redefining Partnership: Navigating a World in Transition” explores what shifts in the global order and new economic and geopolitical realities mean for African economies and their international partners. Against a backdrop of uncertainty in the global economy, The Africa Debate will spotlight opportunities to accelerate investment, unlock growth, and strengthen development outcomes through a new era of collaboration.

H.E President Mahama’s keynote will follow opening remarks by the UK Government and will set the tone for a day of substantive discussion focused on regional leadership and strengthening partnerships in key sectoral areas. As a recognised leader in sustainability and innovation, Ghana’s voice will be central to this year’s agenda.

Chantelé Carrington, CEO of Invest Africa, commented: “We are honoured to welcome H.E President Mahama to The Africa Debate 2026 at a moment of real momentum in Ghana’s investment story. His leadership on green growth, regional integration, financial services and digital economy has positioned Ghana as one of the continent’s most forward-looking and investable economies. We are also proud to partner with the Ghana High Commission in London, under the leadership of H.E. Sabah Zita Benson, the High Commission is an important representative of Ghana’s economic opportunities here in the United Kingdom.”

H.E. Sabah Zita Benson, High Commissioner, Ghana High Commission London, added: “I am proud to represent a Ghana that is confident, forward-looking, and ready to lead in shaping the future of Africa–UK relations. It is a distinct honour to host H.E. John Dramani Mahama at The Africa Debate 2026, as we move beyond dialogue to decisive action, mobilising investment, strengthening partnerships, and delivering real impact. Ghana stands ready to work with committed partners to unlock opportunities, drive innovation, and secure a more resilient and prosperous future for our people.”

The Africa Debate 2026 will feature presidential and ministerial keynotes, high-level plenaries, and curated side events convening 800+ senior stakeholders from government, finance, and industry. Sessions will examine how Africa can redefine partnerships — through finance, digitalisation, agribusiness and energy security — to drive resilient and sustainable growth.