Dangote Cement has sold a 10 percent stake in its Senegalese subsidiary to the government of Senegal, giving the state a minority holding in one of the country’s key cement producers. The development was disclosed in the company’s 2025 annual report, according to reporting by Business Insider Africa.
The transaction reduces Dangote Cement’s ownership in the local unit from 99.99 percent to 89.99 percent, while enabling the Senegalese government to directly participate in the operations of a major industrial asset that supports the country’s construction and infrastructure sectors.
The move comes amid a challenging period for the subsidiary. According to the company’s financial statements, revenue from its Senegal operations declined by about 21.4 percent in 2025, falling from roughly ₦192.2 billion in 2024 to about ₦151 billion, largely due to a 19.8 percent drop in sales volumes to around 1.2 million tonnes, CediRates noted.
Analysts say the deal strengthens government participation in a strategic sector while allowing Dangote Cement to retain operational control in one of West Africa’s important construction markets, where cement demand remains closely linked to urbanization and large-scale infrastructure development.
