The move, outlined in Dangote Cement’s 2025 annual report, reduces the group’s direct stake from 99.99 per cent to 89.99 per cent, making the government a minority shareholder in one of Senegal’s most strategic industrial assets.
The acquisition comes at a challenging time for the subsidiary. Revenues fell sharply from NGN192.2 billion (US$138.6 million) in 2024 to NGN151 billion in 2025, representing a 21.4 per cent contraction.
The decline was largely driven by a 19.8 per cent drop in sales volumes, which totaled 1.2 million tonnes for the year, highlighting softer market conditions and operational pressures at the Dakar-based plant.
Government Steps In Amid Market Pressures
The move also aligns with the group’s strategy to strengthen local operations while navigating fluctuating demand.
Since its establishment in 2015, the company has created significant direct and indirect employment opportunities for Senegalese workers.
Dangote Cement Senegal currently has a production capacity of 1.5 million tonnes per year, supplying high-quality cement to meet domestic demand while exporting to neighboring countries.
For Senegal, the stake acquisition represents a strategic effort to deepen government participation in key economic sectors. Cement remains central to the country’s urbanisation and public infrastructure programmes, and government involvement ensures both a share of dividends and a voice in production and pricing decisions.
The deal further highlights the importance of cement as a driver of economic growth, with urban housing projects and infrastructure development maintaining steady demand in Senegal.
By taking an equity position, the government positions itself to influence one of the country’s essential industrial sectors while supporting the broader national development agenda.
