Dangote Group has launched a 45 billion dollar investment initiative aimed at expanding its industrial enterprises and boosting annual group revenue to 100 billion dollars by 2030, with Dangote Cement serving as the core financial engine for the expansion.
According to the group’s capital markets presentation released on Monday, the conglomerate is also targeting 30 billion dollars in adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) by 2030. Alongside cement operations, the broader 45 billion dollar capital deployment spans sugar, fertiliser, refining, petrochemicals, and other major industrial sectors.
As the primary cash generator for the group, Dangote Cement aims to expand its annual manufacturing capacity from 55 million tonnes to over 80 million tonnes. The company outlined a strategy focused on disciplined, self-funded development that balances high capital yield with sustained dividend payouts to shareholders.
To fund this expansion without compromising investor returns, the cement manufacturer is relying heavily on its strong cash conversion rate, which reached 89 per cent over the 12 months ending June 2026. The company also posted a 68 per cent return on capital employed and a 5 per cent dividend yield for the same 12-month period, following a 22 per cent compound annual growth rate in dividends between 2023 and 2025.
Financially, revenue for the 12 months to June 2026 reached 3.1 billion dollars, representing a 22 per cent increase year-on-year. Based on consistent exchange rate calculations, the firm’s top-line revenue has grown steadily from 1.5 billion dollars in 2023, to 2.4 billion dollars in 2024, and 2.9 billion dollars in 2025. Between 2023 and 2025, adjusted EBITDA grew at a compound annual rate of 50 per cent, outpacing a revenue compound annual growth rate of 40 per cent over the same period.
The company plans to leverage its existing asset and logistics footprint to grow beyond traditional cement manufacturing into related product lines, including mortars, aggregates, dry mixes, precast products, and ready-mix concrete.
Operations across Africa remain central to this strategy. Operating across 11 nations and distributing to 25, the firm achieved 3 million tonnes in export sales in 2025, sending 34 clinker shipments from Nigeria to Côte d’Ivoire, Cameroon, Ghana, and a third-party buyer in Gabon.
In terms of regional revenue breakdown for the 2025 financial year, Nigeria generated 69 per cent of total turnover, followed by West Africa at 13 per cent, East Africa at 12 per cent, and Southern Africa at 8 per cent, with intercompany transactions accounting for the non-100 per cent cumulative total.
Underpinning these operations are extensive natural resource reserves, including roughly 4.2 billion tonnes of limestone offering an estimated 80-year mine lifespan. Its primary facility at Obajana alone holds an installed capacity of 16 million tonnes per annum alongside 1.0 billion tonnes of limestone reserves.
The primary focus for market watchers remains the firm’s capacity to convert existing operations into liquid capital and sustain cash generation efficiency as capacity expands toward 80 million tonnes per annum.
The company said, “DCP is a differentiated opportunity to invest in Africa’s generational build-out. It is the right platform to capture structural trends that will drive Africa’s build-out and the cement demand shift.”