Nigeria: Dangote Group is pursuing a US$45bn investment programme to expand its industrial businesses and reach US$100bn in annual revenues by 2030, with Dangote Cement set to be positioned as a ‘key pillar’ of its next growth phase. Specifically the group aims to increase Dangote Cement’s installed cement capacity from 55Mt/yr to more than 80Mt/yr, as part of a strategy it describes as ‘disciplined, self-funded growth whilst delivering on yield.’ Dangote Cement also plans to expand into cement-based adjacencies including aggregates, mortars, dry mixes and ready-mix concrete or precast products.
Dangote Group said that its cement business is reporting strong cash conversion and returns on capital. Its revenues reached US$3.1bn during the 12 months to June 2026, representing a 22% year-on-year increase. The company said that its African footprint would be central to the strategy. Dangote Cement operates across 11 countries and sells into a total of 25. It recorded 3Mt of export sales in 2025.
