To turn Africa from a "cement-importing continent" into a "cement-self-supporting continent", Dangote Cement has set itself a hard target: to increase its annual production capacity from about 52 million tons to 66.4 million tons by 2030. Chief Executive Arvind Pathak unveiled the blueprint for the first time at the "Behind the Numbers" roadshow after the close of the Nigerian Stock Exchange, saying that Africa would no longer rely on external clinker. Production
expansion is not a castle in the air. For the west line, the production line of 1.5 million tons of Cote d'Ivoire Phase I has been ignited and put into operation, and the subsequent 1.5 million tons will be followed up within the year; for the east line, the doubling plan of US $400 million in Ethiopia has been launched, and the existing capacity will be doubled; for the north line, the 6 million tons comprehensive plant in Itori, Nigeria, is working day and night, and the capacity will be released in the next three years. So far, Dangote Cement has spent more than $8.5 billion on capital expenditure in Africa over the past 15 years, and a "clinker corridor" across West Africa, East Africa and North Africa has taken shape.
The capital market voted for this corridor with real money. In fiscal year 2024, the company paid a dividend of 30 naira per share, totaling 502.6 billion naira, allowing shareholders to "count their money soft" for the 15th consecutive year. Ikazobo, the chairman of the board of directors, made a calculation: the cumulative dividend of 330 billion naira over the past 15 years, if the capital gains of doubling the share price are included, the total return of investors ranks first in Nigeria's manufacturing industry. Quailanga, chairman of NGX Group, "praised" on the spot: Dangote Cement not only created wealth, but also transferred wealth to tens of millions of ordinary investors through the exchange. Behind the
performance is the synchronous enlargement of social responsibility. In 2024, the company's CSR expenditure surged 470% year-on-year to 3.2 billion naira, and the funds were precisely invested in rural education, primary health care, agricultural irrigation, road maintenance and youth entrepreneurship. Farouk Umar, chairman of the Shareholders' Association, sighed with emotion: The company still insists on paying high dividends despite the soaring exchange rate and high infrastructure costs. "This is the best footnote of entrepreneurship.". Female shareholder leader Bissi Bakar said more bluntly: "Earnings per share is less than 30 naira, but according to the 30 naira dividend, such a company is worth us to continue to take."
From production capacity to dividends to social investment, Dangote Cement uses a combination of "African demand + African manufacturing + African capital" to try to reduce the external dependence of African cement to zero by 2030. If the goal is achieved, Africa will save billions of dollars a year in import bills, and Dangote Cement will be firmly on the iron throne of African cement.
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