Senegal has acquired a 10 per cent stake in Dangote Cement’s local subsidiary, the country’s leading cement producer, reducing the group’s direct ownership from 99.99 per cent to 89.99 per cent, according to Dangote Cement’s 2025 annual report.
The government becomes a minority shareholder in one of Senegal’s most strategic industrial assets.
The subsidiary faced a challenging year, with revenues falling 21.4 per cent from NGN192.2 billion ($138.6 million) in 2024 to NGN151 billion in 2025.
Sales volumes dropped 19.8 per cent to 1.2 million tonnes, reflecting softer market conditions at the Dakar-based plant, according to Business Insider Africa.
Don’t Miss This:
Senegal Insists Any IMF Deal Must Protect Country’s Interests, Presidential Adviser Says
For Dangote Cement, the transaction consolidates its presence in West Africa while allowing it to maintain influence in a key market.
Since 2015, Dangote Cement Senegal has created significant employment and currently produces 1.5 million tonnes per year, supplying domestic demand and exporting to neighboring countries.
For the Senegalese government, the acquisition strengthens participation in a critical sector tied to urbanisation and infrastructure projects, ensuring a share of dividends and input on production and pricing.
Experts note that minority government stakes in strategic industries are increasingly common in Africa, balancing oversight with private-sector efficiency.
By taking an equity position, Senegal positions itself to influence one of the country’s essential industrial sectors while supporting its broader economic development goals.
Don’t Miss This:
Senegal Raises $254 Million In Regional Debt Sale As Borrowing Costs Increase
Image Credit: Brand Icon Image
