Senegal Secures 10% Stake in Dangote Cement

Senegal’s government has purchased a 10-percent share in Dangote Cement’s local operations, dropping the Nigerian conglomerate’s holding to just under 90 percent, according to the company’s latest financial disclosures.

The deal, detailed in Dangote Cement’s 2025 annual report, involves the subsidiary established in 2015 with an annual production capacity of 1.5 million tonnes.73f914 It stands as the country’s top cement manufacturer, meeting domestic needs and exporting to nearby nations while generating jobs for locals.

The acquisition allows Dakar greater involvement in a vital industry tied to urban development and infrastructure, potentially influencing output and costs. Such minority government investments are increasingly seen in African strategic sectors to merge public oversight with private expertise.

For Dangote, the transaction supports its West African expansion despite hurdles, including a 21.4 percent revenue fall for the unit to 151 billion naira (about $138 million) in 2025 from the prior year.

Sales volumes dipped nearly 20 percent to 1.2 million tonnes amid weaker demand and plant issues in Dakar.

The move underscores cement’s economic importance in Senegal, fueling growth through housing and public projects amid regional market shifts.