Dangote Cement plans to invest $1 billion over the next four years to expand its production capacity across Africa, as increasing infrastructure development continues to drive demand for building materials.
The expansion plan was revealed during an investor conference call in Lagos by the company’s Chief Financial Officer, Gbenga Fapohunda.
The investment reflects the company’s strategy to deepen its presence in key African markets while positioning itself to meet rising cement demand tied to infrastructure projects across the continent.
Dangote Cement said the planned investment will significantly expand its production capacity across several African markets.
According to Fapohunda, the funds will be deployed in “Nigeria, Ethiopia and some other countries,” he said during an investor conference call.
The cement producer aims to increase its production capacity by about 45 percent to 80 million tonnes over the next four years.
The expansion will be financed through a mix of operating cash flow, supplier credit, commercial papers, bonds, and bank loans.
The investment reflects Dangote Cement’s long-term strategy to strengthen production capacity across Africa and meet rising demand for cement driven by infrastructure development.
Demand for cement across Sub-Saharan Africa is expected to rise as governments increase spending on infrastructure development projects.
Dangote Cement has also been increasing exports as part of its broader strategy to expand growth beyond Nigeria.
The firm plans to raise exports of cement and clinker to 10 million tonnes by 2030, up from 1.4 million tonnes recorded in 2025.
Shares of the company closed at N809 at the end of trading in Lagos and have gained 33 percent so far this year.
This compares with a 26 percent increase recorded by the NGX All-Share Index over the same period.
It was earlier reported that Dangote Cement signed a $1 billion agreement with Sinoma International Engineering for the construction of 12 new cement plants and the expansion of existing facilities across Africa.
