Dangote Cement Plc will hold a high-level engagement with investors and other capital market players in London next month to bring the foreign investing community up to speed with key corporate goals and direction in the lead-up to its secondary listing in the city.
Sub-Saharan Africa’s biggest cement manufacturer told the Nigerian Exchange, where it already has a primary listing, on Wednesday, that its shareholders have assented to the proposal to host “a Capital Markets Day (CMD) in London on 21 September 2026.”
“The CMD will provide investors and other stakeholders with an update on the Company’s strategy, operations and business priorities, as well as an opportunity to engage with the Company’s senior management,” it added.
The move is the next phase of Dangote Cement’s bid to secure a quicker pathway to international capital and foreign investors than what a local listing in Lagos affords, using London as a window to the world.
Other objectives include a wider shareholder base, which a listing on a bourse of LSE’s repute promises, and the potential to consolidate its status as a leading pan-African corporation.
The company highlighted those aims when it first announced the decision in May.
Nigeria’s new frontier market status could boost trade
The step to hold the capital markets day on 21 September will receive timely support from FTSE Russell’s upgrade of Nigeria from “unclassified” to a frontier market, taking effect the same day next month.
Nigeria lost its place among frontier market economies in 2023 after an enduring FX crisis, dating back to the global oil price crash resulting from pandemic lockdowns in 2020, forced the Central Bank of Nigeria to ration dollars to conserve its direly low reserves.
The currency squeeze led several potential foreign investors…
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Read Full Article by Ronald Adamolekun at www.premiumtimesng.com
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