Dangote Cement shareholders approve N45 dividend, back Africa expansion strategy

SHAREHOLDERS of Dangote Cement Plc have approved a final dividend of N45 per ordinary share for the financial year ended December 31, 2025, as the company unveiled plans to accelerate growth across Africa through capacity expansion, cleaner energy investments and improved operational efficiency.

The dividend was approved at the company’s 2025 Annual General Meeting (AGM), where chairman of the cement maker, Emmanuel Ikazoboh, outlined the company’s long-term vision of driving Africa’s industrial development by harnessing local resources and reducing reliance on foreign capital.

According to Mr Ikazoboh, Dangote Cement’s strategy is aimed at positioning the continent to finance and sustain its own development through strategic investments and greater utilisation of Africa’s natural resources.

“The key thing is transforming Africa. The founder is trying to ensure that he positions Africa to become the source of its own development, using our own wealth to take care of our own business and activities rather than depending on investors from other parts of the world,” he said.

He said the company is also intensifying efforts to lower production and distribution costs by expanding the use of compressed natural gas (CNG)-powered trucks for cement transportation, reducing dependence on diesel.

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Ikazoboh added that Dangote Cement is increasing its adoption of alternative fuels by converting waste into energy to power its manufacturing plants as part of its cleaner energy transition.

The AGM also gave shareholders the opportunity to engage the board and management on issues including dividend sustainability, environmental initiatives, corporate social responsibility, operational efficiency and the company’s expansion strategy, with management reaffirming its commitment to delivering long-term value.

Speaking on the company’s outlook, Group Managing Director, Arvind Pathak, said Dangote Cement’s recent performance reflects sustained investments in exports, logistics and operational efficiency.

He noted that the company’s investment in export infrastructure and deployment of CNG trucks have opened access to markets that were previously difficult to serve, while additional initiatives are underway to strengthen future growth.

Pathak disclosed that Dangote Cement plans to increase its installed production capacity from 55 million tonnes to 80 million tonnes under the Dangote Group’s Vision 2030 strategy.

“We intend to grow from 55 million tonnes to 80 million tonnes,” he said.

Shareholders expressed confidence in the company’s growth prospects, citing ongoing expansion across Africa, lower borrowings and continued investments as factors that could enhance profitability and support stronger returns.

The company said it remains focused on strengthening its operations through investments in cleaner energy, logistics and production capacity while expanding its footprint across the African continent.