Dangote labels Ghana among ‘most promising countries’ in Africa

Africa’s richest businessman, Aliko Dangote, has described Ghana as one of the continent’s most promising investment destinations, citing the country’s growing business potential.

Speaking in a television interview earlier this week, Dangote praised several African economies that he believes are creating attractive opportunities for investors, placing Ghana among the continent’s leading performers.

“Ghana is doing extremely well. Cote D’Ivoire, which is also in West Africa, they are doing extremely well,” he said.

He also pointed to developments in Guinea, particularly in the mining sector, referencing the recent Rio Tinto mining project valued at more than $20 billion.

“Even Guinea: Today you look at the mines which was recently opened by Rio Tinto which cost over 20 billion dollars,” Dangote stated.

The Nigerian industrialist listed a number of African countries he considers promising for investment, including Nigeria, Ethiopia, Kenya, Tanzania, Rwanda, Egypt and Algeria.

“The promising countries, Nigeria, Ethiopia, Kenya, Tanzania. Rwanda; it is small but it very very promising,” he noted.

“You have Egypt, it’s promising. Algeria is also promising even though they are not very open. So there are more than ten very good countries in Africa that you can go and invest,” he added.

Dangote further said growing investor confidence across the continent shows Africa is becoming increasingly attractive for business expansion.

“So people are coming in knowing that Africa is ready for business,” he stressed.

According to Forbes, Dangote’s estimated net worth currently stands at around $28 billion, making him the wealthiest individual in Africa. His recent wealth surge has largely been driven by the operational expansion of the Dangote Petroleum Refinery in Nigeria, which has transformed the country into a net fuel exporter.

Additional gains have also been linked to a strong rally in shares of Dangote Cement on the Nigerian Exchange, alongside growth in the company’s fertilizer manufacturing and sugar refining businesses.

Dangote’s remarks come as Ghana continues to record notable economic growth on the continent.

According to the International Monetary Fund’s April 2026 World Economic Outlook report, Ghana’s economy expanded to an estimated nominal Gross Domestic Product of $118.29 billion in 2026, up from $108.1 billion in 2025.

The IMF attributed the growth to strong performances in the mining, ICT and financial services sectors, helping Ghana rise to become Africa’s eighth-largest economy.