Business
Aliko Dangote Celebrates African Young Global Leaders
President, and Chief Executive Officer of the Dangote Group, Aliko Dangote, learned about the Forum of Young Global Leaders (YGLs) and the tremendous potential of this unique World Economic Forum community to develop the next generation of African leaders from all parts of society, at the World Economic Forum Annual Meeting 2011 in Davos, Switzerland.
The Young Global Leaders programme is an accelerator for a dynamic community of exceptional young people from all over the world with the vision, courage, and influence to drive positive change in the world. This philosophy aligned neatly with Aliko Dangote’s vision for an Africa whose people are healthier, better educated, and more empowered through enhanced opportunities for social change through strategic investments that improve health and wellbeing, promote quality education and broaden empowerment opportunities for individuals and communities.

He, therefore, through Aliko Dangote Foundation, (ADF) partnered with the Forum to establish the Aliko Dangote African Fellowship programme to guarantee the full engagement of young African leaders from small and medium enterprises (SMEs) and non-business entities who might otherwise not be able to participate in the Forum’s Young Global Leaders Community. The fellowship covers the cost of their participation at World Economic Forum and YGL-led events for 6 years for each Fellow.
Now in the twelfth year of collaboration with the WEF YGL programme, the Aliko Dangote (WEF Africa YGL) Fellows continue to represent the continent on the global stage and give back to their communities in a multiplicity of impactful ways. The partnership has ensured a richness in the diversity of the YGL community – adding an important African perspective, inspiring impact, and making sure that all voices have a chance to be heard where global decisions are debated, discovered, and made.

Since the start of the WEF YGL programme 20 years ago, the World Economic Forum nominates up to two hundred exceptional young leaders under 40 for a six-year period of membership. Following the partnership with Dangote 12 years ago, the programme has included 15-20 young leaders from sub-Saharan Africa following a rigorous selection process. At any one time, the African YGL Community consists of around eighty active members, 75% of whom are eligible for the Dangote Fellowship.
Fatima Aliko Dangote, ED Dangote Industries, expressed pride at the diversity and high proportion of female fellows in the 2023 Cohort, where the nine chosen YGLs represent the media/arts/entertainment, technology & innovation, health, and government sectors.
The ADF-YGL Lagos Convening which took place on September 8th, was an excellent opportunity for the participating current and alumni YGL Africa Fellows to meet and interact with their patron, Alhaji Aliko Dangote at the site of his most ambitious project to date; the multi-billion-dollars Petroleum complex at Lekki. They were able to interact with Alhaji Aliko Dangote and senior executives of Dangote Group and be inspired by his vision and engage in informal conversation about their journey as YGLs and the impact the community has had on their personal and professional development.

After a tour of the Fertilizer and the Refinery complex, the immensely impressed alumni’ were full of praise for their mentor, describing him as “the best hope for Africa”.
Aliko Dangote YGL Alum and Executive Director, of African Youth Initiative Network, Victor Ochen from Uganda, said he was extremely impressed with what he saw at the refinery and that the aggressive investment in the project has shown how much faith Aliko Dangote has in the African continent. While lauding Dangote’s investment drive, he also appreciated him for his generosity in providing financial means for him to participate in forum events he otherwise would have been unable to do.
According to him: “I am so happy with what Dangote is doing in Nigeria and Africa as a whole. This is a man that is investing in the youth through his foundation and employing tens of thousands of Africans, in his various plants. I am so humbled to be here, and to learn from the expertise of this man whom God has blessed our continent with…I thank Dangote for his generosity, which has provided many young African leaders, regardless of the country, the much-needed financial means to participate in YGL events. Without the support of ADF, our active participation would not have been possible.”

In the same vein, Fatoumata Ba from Senegal, said this trip to the Refinery has further fueled her ambition to put in all it takes into what she does and make Africa proud the way Dangote is doing. Ba, a Tech Entrepreneur & VC Investor is currently the Founder & Executive Chair of Janngo Capital and Chairwoman of the Board of Auchan in Africa. Explaining what she does and how YGL has impacted her positively, she said her company, Janngo is Africa’s largest gender equal tech fund and is backed by top-tier African & International strategic and financial investors; a journey that was made possible through her participation in the YGL programme.
She said: “Being a YGL has not only been a great opportunity to amplify our dreams but also an opportunity to promote a culture of peace and growth. We are committed to developing and representing Africa with integrity.”
Managing Director/CEO of the Aliko Dangote Foundation (ADF), Zouera Youssoufou, thanked Dangote for his continuous support of the YGLs, and assured him that his investment is not in vain, as the young global leaders are achieving exploits in their respective fields and living up to the expectations of being true African future leaders.
Dangote encouraged the YGLs to put in their best in their various fields and not be discouraged when setbacks occur, because those are to be expected. He encouraged them to continue raising their ambition for our continent because “Nothing is Impossible”.
Business
Obi Meets UK Business Leaders, Advocates Stronger Support for MSMEs
Presidential hopeful of the National Democratic Congress (NDC), Mr. Peter Obi, has reiterated the critical role of micro, small, and medium-sized enterprises (MSMEs) in driving Nigeria’s economic growth and reducing unemployment.
Obi made the remarks on Tuesday following a series of meetings in London with stakeholders in British politics and the business community, including Jonathan Marland, Chairman of the Commonwealth Enterprise and Investment Council (CWEIC).
According to Obi, discussions with Lord Marland focused on prospective trade opportunities, economic advancement, and strategies for promoting small businesses across Nigeria.
Drawing comparisons with rapidly developing economies such as China, Indonesia, and Vietnam, Obi stressed that sustainable economic growth and job creation can only be achieved through deliberate support for MSMEs.
The former Anambra State governor maintained that small businesses remain the backbone of the economy and called for stronger policies aimed at boosting development and creating employment opportunities, particularly in the agriculture and manufacturing sectors.
Business
What President Tinubu Tells World Leaders At Nairobi’s Summit
“Every single dollar that leaves our treasury to pay punitive interest rates is a dollar that did not go into our steel sector, textile mills, agro-processing plants or digital industries,” the President stated.
President Bola Tinubu has called for a major shift in Africa’s economic structure, insisting that the continent must stop exporting raw materials and start building industries capable of competing globally.
Tinubu spoke on Tuesday at the Africa Forward Summit in Nairobi, Kenya, where he led Nigeria’s delegation of top government officials and private sector leaders to discussions on industrialisation, trade and economic development across Africa.
The President said Africa’s continued dependence on exporting crude oil, minerals and agricultural commodities while importing finished products was damaging local industries and slowing economic growth.
“We export raw minerals, crude oil and agricultural commodities, and we import processed goods at a premium.
This pattern is not an accident. It is the product of a global financial architecture that starves our industries of affordable capital,” Tinubu said.
He argued that African countries still face unfair borrowing conditions despite implementing difficult economic reforms aimed at stabilising their economies and attracting investment.
According to him, Nigeria’s recent reforms, including fuel subsidy removal, exchange rate unification and banking recapitalisation, were necessary steps taken to reposition the economy for long-term growth.
“Every single dollar that leaves our treasury to pay punitive interest rates is a dollar that did not go into our steel sector, textile mills, agro-processing plants or digital industries,” the President stated.
Tinubu also used the summit to promote Nigeria’s maritime and blue economy potential, pledging stronger regional cooperation through the country’s Deep Blue Project to improve security in the Gulf of Guinea.
“Secure sea lanes, predictable regulation and functional courts are the preconditions that unlock private capital.
Nigeria is ready to work with other Gulf of Guinea states through shared maritime intelligence and coordinated enforcement,” he said.
Business
France Mobilises €23bn Private Capital For Investments In Africa
Nigeria’s President Bola Tinubu participated in the gathering, which observers described as a major diplomatic and economic engagement aimed at deepening Africa-France cooperation.
•Photo: French President Emmanuel Macron attends the Africa Forward Summit 2026 at the Kenyatta International Convention Centre (KICC), in Nairobi, Kenya, May 12, 2026. REUTERS/Monicah Mwangi.
French President Emmanuel Macron said yesterday France had mobilised €23 billion ($27.01 billion) during the African Forward Summit in Nairobi for investments in Africa, to develop new partnerships in Africa after seeing its influence fade in former colonies in West Africa.
More than 30 African leaders, as well as heads of multilateral financial institutions and business executives from across Africa and France, are attending the Nairobi summit, the first France has held in an English-speaking country.
Macron said that rather than African leaders borrowing to fund infrastructure development, he supported creating a first-loss guarantee mechanism to de-risk investments on the continent and would lobby for the idea at the G7 summit next month.
The summit, co-hosted by France and Kenya, has brought together more than 30 African heads of state, global investors, financial institutions and development partners to discuss issues ranging from climate financing and energy transition to digital transformation and industrial growth.
Nigeria’s President Bola Tinubu participated in the gathering, which observers described as a major diplomatic and economic engagement aimed at deepening Africa-France cooperation.
U.N. Secretary-General Antonio Guterres noted that African countries face borrowing costs that are twice as high on average as advanced industrialized economies.”That is not a market verdict on Africa. It is a verdict on the injustices of the system,” he told the summit.
Decrying what they say are biases against them that overstate the continent’s risk, African governments have called for changes to the methodologies used by credit ratings agencies.
Major agencies including S&P Global Ratings, Moody’s and Fitch reject accusations of regional bias, saying their ratings are based on globally applied, publicly disclosed criteria.
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