Dangote Eyes Canada in $100bn Global Expansion Push, Holds High-Level Talks With PM Carney

By Emmanuel Olugua
Africa’s richest businessman and President of Dangote Industries Limited, Aliko Dangote, has taken his ambitious $100 billion global expansion strategy to Canada, holding high-level talks with Canadian Prime Minister Mark Carney on investment opportunities, trade, clean energy, and industrial cooperation.

The meeting, held in Ottawa as part of the Dangote Vision 2030 initiative, marked a significant step in the conglomerate’s drive to expand its global footprint while strengthening economic ties between Canada and Africa.

Dangote and Prime Minister Carney explored opportunities to deepen bilateral investment partnerships, with discussions focusing on Canada-Africa trade, clean energy, agricultural technology, and industrial development.

The talks also examined how the Dangote Group and other African investors could play a greater role in Canada’s economy, while advancing Canada’s Africa Strategy through increased two-way investment and commercial cooperation.

The engagement builds on an existing relationship forged through the World Bank’s Private Sector Investment Lab, where both leaders have collaborated on initiatives aimed at boosting private sector-led economic growth.

Dangote said stronger partnerships between African and Canadian businesses would unlock fresh opportunities for investment, innovation, and sustainable economic development across both regions.

“Strategic partnerships between Africa and Canada have immense potential to drive sustainable growth and create value for both regions. There is a strong case for increasing investment, fostering innovation, and building mutually beneficial commercial relationships,” he said.

During the visit, Dangote also met with Ahmed Hussen, Member of Parliament and Chairman of Canada’s Foreign Affairs Committee, where discussions centred on expanding trade, attracting long-term investments, and strengthening strategic economic cooperation between Canada and African nations.

The series of high-level engagements underscores Dangote Industries’ growing global ambitions as it pursues its Vision 2030 agenda, a sweeping $100 billion expansion programme designed to accelerate industrialisation, promote sustainable development, and position the company among the world’s leading manufacturing and investment groups.

The Ottawa meetings also signal increasing momentum in Canada-Africa economic relations, with both sides expressing commitment to building stronger commercial partnerships capable of driving inclusive growth, job creation, and long-term prosperity.