African Renaissance Retreat

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African Renaissance Retreat took place in Kigali, Rwanda from September 6th to 8th, 2024. Addressing a gathering of influential leaders and entrepreneurs, Dangote, Africa’s richest man, stressed that the continent’s youthful population and abundant natural resources offer unparalleled opportunities for growth and global influence.

With a youthful population poised to drive economic innovation, Africa stands at a pivotal moment of transformation. In a world where connectivity is key, Africa seeks to leverage its uniqueness for growth and development. Recognizing the need for collaboration across sectors, the Retreat calls for unified efforts to harness Africa's strengths and resources. By fostering dialogue and action, the event aims to pave the way for a prosperous and sustainable future.

The gathering, initiated by Dangote, aimed to unite African business leaders and policymakers to tackle the continent’s challenges and promote Africa as a prime destination for investment. Dangote reflected on the success of his own business, which operates in 14 African countries, despite obstacles like inconsistent government policies, infrastructure deficits, and economic instability.

Dangote, Africa’s richest man — Dangote industries limited

Speaking on Africa’s wealth, Dangote noted that the continent is home to approximately 30% of the world’s mineral reserves, including the largest deposits of gold, cobalt, uranium, platinum, and diamonds. Additionally, Africa holds 65% of the world’s arable land and 10% of its renewable freshwater resources, making it a key player in global economic prosperity. “These assets are critical for driving not just Africa’s growth but that of the world,” Dangote remarked.

former Nigerian President Olusegun Obasanjo and Dangote

The event featured contributions from prominent African figures, including Rwandan President Paul Kagame, former Nigerian President Olusegun Obasanjo, former Liberian President Ellen Johnson Sirleaf, and former Ethiopian Prime Minister Hailemariam Dessalegn.

The retreat also served as a platform to address issues such as conflicts, energy and food security, supply chain disruptions, debt crises, and development funding. Dangote emphasized the importance of dialogue in shaping Africa’s future narrative and driving transformative change.

The closing resolutions include plans to improve the free movement of people across Africa, reduce logistics costs, and expand internet access—seen as crucial for unlocking the continent’s economic potential.

Theo Edwards for YAME