Shares of Dangote Cement have soared over 20% in February 2025, rising from N395 to N480 as the company stages a notable recovery from a dip in 2024.
In a bid to strengthen growth, Dangote recently announced a substantial $400 million investment to expand its Mugher cement plant in Ethiopia, with plans to double its annual capacity to 5 million tons within 30 months.
Before embarking on this expansion, Dangote Cement’s Board of Directors approved a proposal to seek medium- to long-term debt funding in the domestic capital markets in mid-November 2024.