Africa’s richest man, Aliko Dangote, is planning to list shares of his cement business on the London Stock Exchange, in what could mark a major international expansion for one of Africa’s most valuable industrial groups.
The move involves Dangote Cement, Africa’s largest cement producer, with about 10% of the company expected to be offered to investors, according to reports.
The listing is being driven in part by recently revised UK regulatory requirements aimed at attracting more initial public offerings (IPOs) from African companies.
Dangote Cement operates in more than 10 African countries, including Nigeria, Côte d’Ivoire, Ethiopia, and South Africa, with over half of its production based in Nigeria. The company is currently valued at around $13 billion on the Nigerian stock market.
The development comes as Dangote’s broader industrial empire continues to expand across energy and manufacturing sectors.
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His 650,000-barrel-per-day refinery in Lagos State has become a flagship project within the conglomerate, especially as global energy markets adjust to disruptions linked to geopolitical tensions affecting oil supply chains.
Despite the refinery’s growing prominence, cement remains one of the group’s strongest performers, with the division reporting a 53.5% year-on-year increase in profit after tax in the first quarter of 2026.
If completed, the London listing would further internationalise Dangote’s business footprint and deepen foreign investor exposure to one of Africa’s largest manufacturing conglomerates.
