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Africa's richest man Aliko Dangote steps down as chairman of cement company

Dangote's move is seen as part of a broader leadership transition.

Africa's richest man Aliko Dangote steps down as chairman of cement company
Aliko Dangote

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Aliko Dangote, one of Africa’s most prominent industrialists, has retired as chairman of Dangote Cement, the company announced this week.

The move marks another step back from board leadership for the billionaire businessman, who also stepped down as chairman of Dangote Sugar Refinery Plc in June after two decades at the helm. The company described both exits as part of a broader succession and governance strategy.

Emmanuel Ikazoboh, a seasoned executive with more than 40 years of experience across Africa, has been appointed to succeed Dangote on the cement company’s board, according to reporting by Nigeria’s Premium Times.

Ikazoboh previously served as an independent non-executive director on the board. His career spans leadership roles in Nigeria, Côte d’Ivoire, Cameroon and South Africa. A former Group Chairman of Ecobank Transnational Inc., he began his professional journey at Akintola Williams Deloitte and later became Managing Partner for Deloitte’s francophone operations before overseeing the firm’s West and Central African regions.

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