Why local pension funds billions are chasing Dangote

Friday, September 18, 2026 | 380 Views |

Building dreams: Dangote’s IPO is the biggest ever seen on the continent PIC: MORERI SEJAKGOMO

A roomful of pension funds and their asset managers recently made an impassioned plea for Africa’s richest man, Aliko Dangote, to ensure local access to his record-breaking Initial Public Offer. The $1.6bn float promises high returns and portfolio diversification, writes MBONGENI MGUNI

As at June 30, the country’s pension funds held more than P176 billion in assets, with about 44.6% of these held locally.

A long-running challenge for holders of sizeable assets in the country has been finding investable opportunities in the local economy, areas where funds can be invested and kept safe with returns that reliably beat market metrics.

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