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The group made a pitch to London investors in late September for a planned London Stock Exchange listing of the cement unit that is currently worth $13 billion on Nigeria’s stock market. The firm is hoping to raise up to $1 billion, according to a person familiar with the plans. Cement had been Dangote’s flagship product for decades. The group is Africa’s largest producer, accounting for 13% of the continent’s annual cement output capacity. The unit, which operates in 11 African countries and doubled its post-tax profit to $730 million last year, has pursued a London listing for over a decade and now plans to see it through this year, in a push to add international investors to its shareholder base.
document fetched 2026-10-06 02:56 · canonical https://semafor.com/article/10/05/2026/dangote-cement-pitches-london-stock-exchange-listing