Dangote Cement Plans $1 Billion Share Sale in London

Aliko Dangote, Africa’s richest man, visited the London Stock Exchange on October 23, 2026, as Dangote Cement Plc moves closer to a proposed $1 billion share sale and secondary listing in the United Kingdom. The visit was marked by a warm welcome from officials and attendees, highlighting Dangote's efforts to attract international investment.

The proposed transaction could see Dangote Cement offer approximately 10% of its equity to international investors, potentially raising about $1 billion. The company is targeting November 2026 for the listing, although the final timetable is subject to market conditions and regulatory requirements.

This secondary listing would allow Dangote Cement, already listed on the Nigerian Exchange, to enhance its visibility among international institutional investors. The proposed share sale remains uncompleted, with its final structure, valuation, and pricing pending confirmation.

The visit followed the company's Capital Markets Day held in London on September 21, 2026, where management presented its business strategy to international stakeholders.