Dangote Cement Sells 10% Of Senegal Subsidiary To Government – The Standard Newspaper

Dangote Cement Sells 10% Of Senegal Subsidiary To Government – The Standard Newspaper

By Solomon Ekanem Senegal has acquired a 10% stake in Dangote Cement’s local subsidiary, reducing the group’s ownership to 89.99%. This acquisition occurs as the company faces a 21.4% revenue decline in 2025 due to lower sales volumes and market challenges. The government’s involvement is aimed at increasing participation in strategic sectors and ensuring a say in production and pricing policies. Dangote Cement Senegal remains a key player, supp…

Dangote Cement sells 10% of Senegal unit to government

Dangote Cement has sold a 10% stake in its Senegalese subsidiary to the government in Dakar, making the state a minority shareholder in one of the country's largest cement operations at a time when the plant is facing a significant revenue slide.The transaction, disclosed in Dangote Cement's 2025 annual report, reduces the Nigerian cement giant's direct ownership in the unit from 99.99% to 89.99%. Financial terms were not disclosed.The deal give…