Aliko Dangote, Africa’s richest man, has stepped down as Chairman of the Board of Directors at Dangote Cement Plc, ending a major chapter in the leadership of one of the continent’s largest cement producers.

He will be succeeded by Emmanuel Ikazoboh, who previously served as an independent non-executive director.

Ikazoboh brings over 40 years of senior management experience across Nigeria, Côte d’Ivoire, Cameroon, and South Africa.

The company has not yet provided full details about how this leadership change may impact its future direction, but more information is expected soon.

In June, Dangote also stepped down as Chairman of Dangote Sugar Refinery Plc, closing out two decades at the helm of one of Nigeria’s top-performing food companies.

According to the company, the leadership transition is “in line with the principles of good corporate governance and succession planning.”

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Dangote Cement has played a key role in reshaping Nigeria’s economy.

In June, Dangote highlighted how Nigeria went from being the world’s second-largest cement importer to a leading exporter on the continent, thanks to large-scale investment in local production.

Today, Dangote Cement is Africa’s largest cement manufacturer, with a total installed capacity of 48.6 million metric tonnes per annum (Mt/a) across the continent.

Out of the total capacity, 32.3 Mt/a is based in Nigeria, while the remaining 16.3 Mt/a spans nine other African countries: Tanzania, South Africa, Ethiopia, Cameroon, Republic of Congo, Ghana, Senegal, Zambia, and Sierra Leone.

In March, the company resumed construction of its $800 million cement plant in Itori, located in Ewekoro Local Government Area.

The 6-million-Mt/a factory is scheduled for completion by November 2026.

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