Egypt's investment minister visits the Dangote refinery as a $15 billion Egypt plan is discussed

Dangote Industries said on 2 November that it had hosted a delegation led by Mohamed Farid Saleh, Egypt's minister of investment and foreign trade, at its Lagos refinery. Aliko Dangote has said an initial investment in Egyptian refining and petrochemicals could be about $10 billion and could reach $15 billion. The size and structure of any deal are still being discussed.

Why it matters

A Nigerian group weighing one of the largest African investments in another African country is a sign of capital moving across the continent.

Source: Billionaires.Africa · 2 November 2026

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