Dangote Calls on Africa to Keep its Capital at Home as Industrialization Takes Center Stage at Unstoppable Africa

African business leaders call for a bigger share of the continent's growth, with investment and local value creation high on the agenda.

NEW YORK, Sept. 22, 2026 /PRNewswire/ -- Africa must stop sending its capital abroad and start investing in its own industrial future, Aliko Dangote, President and CEO of Dangote Group, told global business leaders at Unstoppable Africa 2026, as he set out an ambitious vision for African industrialization backed by billions of dollars in investment, new refining capacity, and broader public ownership. 

Pointing to Asia's economic rise, he argued that Africa cannot build comparable industrial strength while its own money continues to flow into foreign banks and markets. Emphasizing the importance of the African Continental Free Trade Area (AfCFTA) in creating the scale required for major industrial projects, he noted, "We must believe in our continent," urging businesses to stay focused despite the challenges involved in building major organizations in Africa. "Once you start, it gets easier. But the more you don't do anything, it becomes difficult." 

With more than 3,000 African and global business leaders and heads of state gathered for the two-day forum in New York, Unstoppable Africa 2026 demonstrated the scale of global interest in Africa's economic opportunities and the appetite for stronger commercial partnerships with the continent. 

Another notable highlight was the South African Business Initiative for Impact (SABII), which brought South Africa's business, investment, and partnership proposition into sharper focus. Discussions explored how local opportunities can connect with global capital and translate into tangible economic impact. 

Zeine Zeidane, Director of the African Department at the International Monetary Fund, highlighted the importance of structural reforms, stronger domestic financial markets, and wider African markets through AfCFTA in attracting private investment. 

The discussions also turned to the continent's rapidly expanding digital economy. Olugbenga Agboola, CEO of Flutterwave, highlighted the opportunity presented by Africa's young and increasingly connected population, pointing to digital payments, AI, and other technologies that can help businesses access markets and grow. 

Elly Savatia, Founder and CEO of Signverse, highlighted technology's potential to expand inclusion through African sign languages. With $2 million in Google funding, Signverse has developed the largest publicly documented dataset for an African sign language to date and is building a framework that can expand to multiple local sign languages. 

In the sporting arena, H.E. Ndemupelila Netumbo Nandi-Ndaitwah, President of Namibia, signed a partnership agreement between the Netumbo Nandi-Ndaitwah Foundation (NNN Foundation) and the Queens of the Continent Foundation (QoTC), founded by two-time WNBA All-Star and ESPN host Chiney Ogwumike. The landmark partnership will explore opportunities to support the empowerment and development of young people in Namibia, with a particular focus on girls and young women.

African creative industries take their place on the global stage 

The creative economy was another major focus, with speakers highlighting the growing ability of African brands, filmmakers, and technology innovators to build global audiences and markets. 

Khanyi Mashimbiye, Manager, Creatives at Afreximbank, highlighted the Afreximbank CANEX program, which connects African fashion brands with international buyers through Tranoï in Paris and Japan and Coterie in New York. Since 2022, the initiative has secured more than 120 offtake agreements, with Zimbabwean brand Vanu Vanwerk now selling in more than 50 stores globally. 

Closing the forum, UN Deputy Secretary-General, Amina J. Mohammed said, "We are entering a new age of technology and AI that will fundamentally shape the future, and Africa has a tremendous opportunity to leapfrog. Just as industrialisation transformed economies and created new forms of work, AI can open new pathways for growth, innovation and opportunity. Africa has the talent and the ideas. What we need is the opportunity, infrastructure and investment to deploy them at scale. This is a moment for Africa to shape its own AI story, combining the continent's talent with the technology and infrastructure needed to build the future."

As the conversations concluded, the focus turned to the practical work ahead: translating Africa's investment momentum into initiatives that can deliver growth, jobs, and lasting economic value.

For event photos, visit HERE. For speakers' video soundbites and highlights, visit HERE. The entire event can be viewed on Unstoppable Africa YouTube channel.

For more about GABI please visit the website gabi.unglobalcompact.org