Dangote Cement PLC is on the verge of getting listed on the London Stock Exchange (LSE)—Africa’s richest man, Aliko Dangote, disclosed this plan in an interview with the Financial Times. According to Dangote, the plan is expected to be executed before this year runs out.
If the $13 billion cement company achieved this target, it'll be a dual listing for the company. Notably, Dangote Cement Plc is already listed on the Nigerian Exchange Group (NGX) in Nigeria. If the LSE listing becomes successful, investors in different markets will be able to buy and sell its shares more easily.
However, Dangote stated that only 10% of Dangote Cement's shares are intended to be sold to outside investors as part of the company's secondary listing on the LSE. The LSE's listing idea was initially brought up in 2018, but the company could not work towards it because of the tight listing criteria and distractions from the company’s massive refinery project in Nigeria.
The UK’s Financial Conduct Authority's reconsideration of the stock exchange listing rules in the country has made the UK market attractive to Dangote. He said, “London is good, as they have brought down the minimum listing requirements.”
He also added that dual listing has been part of the company's plans for about 7 to 10 years. “We’ve been thinking about it for seven to 10 years,” he added. He said recent reforms in the UK market had revived the company’s confidence in pursuing the listing.
Benefits of the LSE Listing
Listing on the London Stock Exchange (LSE) would expose the company to large international institutional investors, pension funds, and asset managers that mainly invest through London and other major financial markets. It could also boost Dangote’s net worth by increasing the global visibility, liquidity, and potential valuation of Dangote Cement Plc shares.
According to the Bloomberg Billionaires Index as of May 8, 2026, Dangote's net worth has already stood at $34.9 billion. Nairametrics reported that the net worth increased by $5.4 billion to that estimate this year. The increase was influenced largely because of the Dangote Refinery, which benefited from higher refining margins, and shortages of products such as jet fuel linked to geopolitical tensions, including the Iran conflict.
In addition to the benefits of listing on the LSE, the UK's stock exchange has struggled to attract major global listings in recent years due to competition from markets in the United States and Europe. But if the Dangote Cement PLC listing becomes successful in the market, it could provide a significant boost to the attractiveness of the country’s stock exchange.
However, it's important to let you know that the UK's stock exchange is not the only stock exchange Dangote is directly focusing efforts toward. The African's wealthiest individual is also planning to list 10% of Dangote Refinery—a facility that produces 650,000 barrels per day—on multiple African stock exchanges; he talked about this in April 2026 during an interview in Washington, DC.
The Dangote Refinery listing on multiple African stock exchanges seems to be speeding up because Dangote noted that he has appointed advisers for the listing. He mentioned Vetiva Advisory Services, Stanbic IBTC Capital, and FirstCap as part of the engaged advisers advancing the listings. If the listing is successful, it could rank among Africa’s biggest energy-sector listings.
