Dangote Group Launches $45bn Expansion Plan for Cement

Dangote Group is pursuing a $45bn investment program aimed at expanding its industrial businesses, with a target of achieving $100bn in annual revenue by 2030. Central to this strategy is Dangote Cement, which is the group's largest cash-generating business.

The company plans to increase its production capacity from 55 million tonnes per annum to over 80 million tonnes, emphasizing a disciplined, self-funded growth approach. For the 12 months ending June 2026, Dangote Cement reported a revenue of $3.1bn, a 22% year-on-year increase, with a cash conversion rate of 89% and a return on capital employed of 68%.

The company also plans to diversify into cement-based adjacencies such as aggregates and ready-mix concrete. With operations in 11 countries and sales in 25, Nigeria accounted for 69% of its FY2025 revenue.

The investment plan also extends to refining, petrochemicals, and other industrial sectors, targeting $30bn in adjusted EBITDA by 2030.