Africa’s Growth Hinges on Infrastructure, Jobs – Dangote

Aliko Dangote, President and CEO of the Dangote Group, has reaffirmed that Africa’s economic transformation depends on infrastructure investment, job creation, and private sector participation.

Speaking at the IMF/World Bank Spring Meetings in Washington, D.C., Dangote said the continent must prioritise projects that drive industrialisation and employment.

“Africa’s growth story will be defined by our ability to invest in infrastructure that supports industry, creates jobs, and unlocks productivity,” he said.

He emphasised that private sector involvement in critical areas such as water and energy is vital. “When the private sector is fully engaged, it becomes a powerful engine for inclusive and sustainable development,” Dangote added.

At the World Bank’s Water Forward event, he highlighted the importance of sustainable water management as a foundation for industrialisation and long-term resilience.

Dangote also held strategic talks with global financial leaders, including World Bank President Ajay Banga, focusing on accelerating capital inflows into Africa’s industrial sector.

He outlined the Dangote Group’s Vision 2030 strategy, which targets expansion across the refinery, fertiliser, and petrochemical businesses, with a goal of achieving $100 billion in annual revenues.

According to him, this strategy reinforces the Group’s commitment to Africa-led industrial growth and sustainable development, reducing the continent’s exposure to external shocks.