Dangote Plans London Listing for $13bn Dangote Cement Amid Strong Profit Growth and Global Expansion Push

Africa’s richest man, Aliko Dangote, is preparing to take a major step in global capital markets as he plans to list Dangote Cement Plc on the London Stock Exchange later this year. The proposed move would see the $13 billion cement giant undergo a dual listing, allowing international investors greater access to one of Africa’s most profitable industrial companies.

Dangote confirmed the plan during an interview with the Financial Times, revealing that the company intends to sell about 10% of its shares to outside investors as part of the London listing structure. He explained that the decision has been in discussion for nearly a decade but is now gaining momentum due to recent changes in UK listing regulations.

According to Dangote, reforms by the UK’s Financial Conduct Authority have made London more attractive again for major global companies. He noted that relaxed listing requirements have revived confidence in the plan, which could be executed as early as September 2026, depending on market conditions and investor appetite.

The timing of the announcement comes as Dangote Cement continues to post strong financial results. The company recorded a profit before tax of N421.1 billion in Q1 2026, representing a 35% increase from the same period last year. Full-year results for 2025 were even stronger, with profits more than doubling to N1.53 trillion, driven by rising revenue and lower financing costs.

Beyond cement, the listing is part of a broader expansion strategy for the Dangote Group. The conglomerate is also preparing to list its massive 650,000 barrels-per-day refinery across African exchanges, with plans to scale production to 1.4 million barrels per day. Analysts say these moves could significantly boost investor interest while further increasing Dangote’s global financial influence and valuation.

source: nairametrics