After bowing out as Chairman of Dangote Sugar, Africa’s richest man, Aliko Dangote, has retired as Chairman of Dangote Cement.
He is the founder and majority shareholder of the conglomerate.
The Board of Dangote Cement quickly appointed Emmanuel Ikazoboh, an independent non-executive director, as new Chairman.
The company’s Group Chief Branding and Communications Officer, Anthony Chiejina, confirmed news of the retirement in a statement issued on Friday, July 25.
Chiejina said Dangote quit the position to devote more attention to Dangote Petroleum Refinery.
His tenure transformed Dangote Cement into Africa’s largest cement producer and a leading exporter in Sub-Saharan Africa, with a legacy of self-sufficiency through strategic investments in modern plants and local content.
Dangote Cement boasts a 52.0 million tonnes per annum (Mta) capacity across Africa, with Nigeria contributing 35.25 Mta.
Upcoming greenfield plants in Côte d’Ivoire (3.0 Mta) and Itori, Nigeria (6.0 Mta), set to be completed this year, will boost total capacity to 61.0 Mta.
Under Dangote’s leadership, the company achieved record financials for the six months ending June 30, 2025: revenue rose 17.7% to N2,071.6 billion from N1,760 billion in 2024, while Earnings before Interests, Taxes, Depreciation, and Amortization (EBITDA) surged 41.8% to N944.9 billion from N666.22 billion.
