Nigerian billionaire and industrialist Aliko Dangote is exploring opportunities to expand his business empire into Egypt, as the Dangote Group intensifies efforts to establish a stronger industrial presence across Africa.
The development follows a visit by a high-level Egyptian delegation, led by the country’s Minister of Investment and Foreign Trade, Mohamed Farid Saleh, to the Dangote Industries complex in Lagos.
The delegation, which included officials from Egypt’s Ministry of Petroleum and executives in the oil and petrochemical industries, held discussions with Dangote Group executives on potential investment partnerships, industrial cooperation and opportunities to increase production capacity.
Areas under consideration include petroleum refining, petrochemicals, fertiliser production and other manufacturing activities.
Dangote described the engagement as an important step towards greater African economic integration, stressing that businesses on the continent should expand beyond their home countries to accelerate industrialisation and economic development.
He said the discussions provided an opportunity to showcase the group’s industrial capabilities and identify areas where Nigerian and Egyptian businesses could collaborate for mutual benefit.
Saleh, meanwhile, said Egypt was interested in translating existing diplomatic and business relationships with Nigeria into practical investment opportunities.
He noted that the Egyptian government was keen to understand the industrial expertise developed by Dangote Group, particularly in refining, petrochemicals and fertiliser manufacturing, as both countries seek to expand their productive capacities.
The minister emphasised that private-sector participation would be essential to building a sustainable partnership capable of attracting investment, creating employment and strengthening industrial production.
The proposed expansion aligns with Dangote Group’s Vision 2030 strategy, which seeks to widen its industrial footprint across Africa and establish stronger regional manufacturing networks.
The company’s ambitions span several sectors, including energy, cement, fertilisers, chemicals and agriculture.
Earlier reports indicated that Dangote had discussed a potential investment of between $10 billion and $15 billion in Egypt. However, the latest discussions have not produced a publicly confirmed project agreement, investment timeline or final commitment.
If the plans materialise, an Egyptian expansion could deepen commercial ties between Nigeria and Egypt, two of Africa’s major economies, while creating opportunities for technology transfer, industrial partnerships and cross-border investment.
The development also reflects a broader push for African businesses to invest within the continent, build local manufacturing capacity and reduce dependence on imported products.
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