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Africa’s Richest Man Aliko Dangote Delays Cement London Listing

  • Aliko Dangote has long sought to sell shares on U.K. bourse
  • Dangote Cement focusing on increased exports for time being
Aliko Dangote has a net worth of more than $14 billion.

Aliko Dangote has a net worth of more than $14 billion.

Photographer: Wei Leng Tay/Bloomberg
Updated on

Aliko Dangote, Africa’s richest person, has again delayed plans to sell shares in his cement maker on the London Stock Exchange, opting instead to focus on increasing exports and boosting the Nigerian company’s foreign-exchange reserves.

Dangote Cement Plc, the continent’s biggest producer of the building material, isn’t expected to attempt a U.K. initial public offering until at least 2023, Temilade Aduroja, head of investor relations at the Lagos-based company, said by email.