Senegal has acquired a 10 percent stake in the local subsidiary of Dangote Cement, strengthening the state’s presence in one of the country’s key industrial sectors.
According to information reported by Sika Finance, the transaction involves the transfer of 10 percent of the capital of Dangote Cement’s Senegalese subsidiary to the Senegalese state. The move comes as the government seeks to increase its participation in companies considered strategic for the national economy.
Dangote Cement has been operating in Senegal since 2014 and runs a cement plant located in Pout, about 40 kilometers from Dakar. The facility has an estimated production capacity of around 1.5 million tons of cement per year, contributing to the supply of the domestic market and supporting the country’s construction sector.
Through this acquisition, the Senegalese government aims to benefit directly from the company’s economic performance while strengthening its role in the governance of a sector regarded as essential for infrastructure development.
Dangote Cement, a subsidiary of the industrial group founded by Aliko Dangote, remains the largest cement producer in sub-Saharan Africa, with operations in several countries and a production capacity exceeding 50 million tons per year
