Dangote made the announcement in Cape Town, South Africa, at a joint news conference he addressed with World Economic Forum (WEF) President Prof. Klaus Schwab.
He said the objective of the programme was to increase the engagement of young Africans, especially those in the non-business sector, in the Young Global Leaders (YGL) community programme being run by WEF.
The fellowship will be awarded to 35 young Africans to assist them compete effectively with their peers from other parts of the world.
Dangote said the fellowship, which is to run initially for five years, was very important in integrating African young global leaders into the international arena.
He said the beneficiaries would go through training in highly rated international institutions to prepare them well for the task ahead.
Prof. Klaus Schwab, who signed for WEF, said he was very proud of the initiative, noting that it would strengthen Africa’s participation in global platforms of the WEF.