Aliko Dangote has told Africa’s largest pension fund that the planned stock exchange listing of his petroleum refinery is designed to open industrial wealth creation to ordinary Africans, as South African institutional investors signalled growing appetite for the continent’s large-scale infrastructure assets.
The President and Chief Executive of Dangote Group made the remarks during a visit by the leadership of South Africa’s Government Employees Pension Fund, the Public Investment Corporation and Alterra Capital Partners to the Dangote Petroleum Refinery and Petrochemicals complex and Dangote Fertiliser Limited in Lagos.
The South African delegation included GEPF Chairperson Frans Baleni, GEPF Principal Executive Officer Musa Mabesa, PIC Deputy Chairperson Mongwena Maluleke, PIC Chief Executive Officer Patrick Dlamini, and Alterra Capital Partners Managing Partner Genevieve Sangudi.
The GEPF is Africa’s largest defined benefit pension fund, managing the retirement and associated benefits of more than 1,8 million public sector workers in South Africa. The PIC, which manages approximately 230 billion United States dollars in assets largely on behalf of the GEPF, is the continent’s largest asset manager.
Dangote said Africa’s next phase of economic growth must be anchored on...
