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3 clusters · 7 sources · 24 days · First seen · Last updated

Categories: BUSINESS

Dangote Cement expansion and London listing

Entities: London Stock Exchange · Mariya Dangote · Dangote Cement Plc · Dangote Group · Fatima Dangote

Overview

In early July 2026, Dangote Cement Plc reported a record dividend and laid out a sustainability‑driven expansion plan aimed at cutting CO₂ intensity by 20 % and adding new plants in Botswana and Zimbabwe to lift total capacity to about 80 million tonnes by 2030. The company also announced that its next financing step would be a secondary listing on the London Stock Exchange rather than Dubai, citing faster execution, deeper liquidity and broader access to global institutional investors. The dual‑listing, targeted for as early as September 2026, would involve selling roughly 10 % of the equity while retaining the primary listing on the Nigerian Exchange.

Board member Mariya Dangote and Executive Director Fatima Dangote reinforced the rationale, noting the UK market’s regulatory environment and recent capital‑market reforms that favour emerging‑market issuers. The secondary listing is intended to fund the pan‑African growth programme and support the Dangote Group’s ambition to build a $100 billion industrial empire by 2030.

Timeline

  1. 4 days ago

    [BUSINESS] 2 sources
    Dangote Cement Chooses London Over Dubai for Secondary Listing

    Dangote Cement will list a secondary share class on the London Stock Exchange before end‑2026, citing faster execution, deeper liquidity and better regulations than Dubai, to widen its investor base and support

  2. 7 days ago

    [BUSINESS] 3 sources
    Dangote Cement selects London over Dubai for secondary stock listing

    Dangote Cement will list a secondary share class on the London Stock Exchange instead of Dubai to speed up capital raising, with a target debut in September 2026 and a broader investor outreach plan.

  3. 28 days ago

    [BUSINESS] 2 sources
    Dangote Cement Announces Record Dividend and Expanded Sustainability Plans

    Dangote Cement declared a record N45 per‑share dividend and outlined sustainability targets, including a 20% CO₂ intensity cut by 2027 and capacity expansion to 80 Mt/yr by 2030.

Sources

africa.businessinsider.com · bizwatchnigeria.ng · businessday.ng · newtelegraphng.com · realnewsmagazine.net · thepodiummedia.com · thisdaylive.com