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Africa’s largest cement producer, Dangote Cement Plc, majority-owned by Aliko Dangote, has rewarded its top distributors and customers with prizes valued at N15 billion ($10.5 million), highlighting the reliance on its distribution network to move products across the continent.
The awards were presented at the 2026 Distributors’ Awards Night in Lagos, an annual event recognizing distributor performance across the company’s markets. Held under the theme “Partner for Growth,” the ceremony reflected a focus on sales partnerships. Winners received cash prizes, cement consignments, sport utility vehicles and natural gas-powered trucks.
Dangote: distributors are central to growth
Speaking at the event, Aliko Dangote, president and chief executive of Dangote Industries Limited, described distributors as the backbone of the business, crediting them with keeping products available in cities and remote communities alike.
“Your work in the field and your daily contact with customers are what make our plans real,” Dangote said. “This gathering is our way of saying thank you, and of showing that the next phase of growth is already taking shape.” He added that the awards were also meant to signal confidence in the year ahead, despite cost pressures and uneven demand in some markets.
Vision 2030 and expansion plans
Dangote used the occasion to restate the group’s Vision 2030 plan, which targets building a $100 billion African industrial group by the end of the decade. The strategy, centers on expanding manufacturing capacity, investing across borders and reducing the continent’s reliance on imports in key sectors.
For cement, the company plans to raise annual production capacity to about 90 million tonnes by 2030, up from 52 million tonnes today. Dangote emphasized that the goal is not only scale but creating industries that support jobs, infrastructure, and long-term growth. Expansion efforts also include the group’s oil refinery, fertilizer operations, and petrochemicals business.
Strong results support outlook
With a production and bagging capacity of 52 million tonnes per year, Dangote Cement remains a central player in regional trade, exporting cement to countries such as Cameroon, Ghana and Congo. The company has been instrumental in reducing Nigeria’s dependence on imported cement and positioning the country as a key exporter in Sub-Saharan Africa.
Profit for the nine months ended Sept. 30, 2025, rose to N743.3 billion ($523 million), up 166% from N279.1 billion ($196 million) a year earlier, while revenue increased to N3.15 trillion ($2.2 billion), supported by higher cement prices. The company reported full-year 2024 profit of N503 billion ($344.7 million) on revenue of N3.58 trillion ($2.45 billion).
