Dangote Group is pursuing a $45bn investment programme to expand its industrial businesses and reach $100bn in annual revenue by 2030, with Dangote Cement positioning internally generated cash as a key pillar of its next growth phase.
Dangote Cement, the group’s largest cash-generating business, plans to raise production capacity from 55 million tonnes per annum to more than 80 million tonnes as part of a strategy it describes as “disciplined, self-funded growth whilst delivering on yield.”
The strategy comes with the cement business reporting strong cash conversion and returns on capital. Its cash conversion stood at 89 per cent in the 12 months to June 2026, while return on capital employed was 68 per cent, according to the company’s September 2026 capital-markets presentation on Monday.
Revenue reached $3.1bn during the 12 months to June 2026, representing a 22 per cent year-on-year increase. Adjusted EBITDA recorded a 50 per cent compound
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