“Dangote Cement Launches Series 13 & 14 Commercial Paper Offer, Targeting ₦100 Billion under ₦300 Billion Issuance Programme”

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Dangote Cement PLC, Sub-Saharan Africa’s foremost cement producer, has announced the launch of its Series 13 & 14 Commercial Paper offer, aiming to raise up to ₦100 billion under its ₦300 billion Commercial Paper Issuance Programme. The Offer, which is now open, is slated to conclude on Tuesday, April 16, 2024.

 

With a combined capacity of 52 million metric tonnes per annum (Mta), including 35.3Mta in Nigeria alone, Dangote Cement has solidified its position as the leading cement manufacturer in Sub-Saharan Africa. Operating across ten African countries, the company boasts a fully integrated “quarry-to-customer” business model, encompassing manufacturing, sales, and distribution of cement.

 

Dangote Cement’s strategic investments have played a pivotal role in reshaping the regional cement industry landscape. By eliminating Nigeria’s reliance on imported cement, the company has transformed the nation into a net exporter of cement, serving neighboring countries and contributing to regional infrastructure development.

 

The Series 13 & 14 Commercial Paper offer represents a significant milestone for Dangote Cement as it seeks to bolster its financial position and support ongoing expansion initiatives. Investors are invited to participate in this offering, which presents an opportunity to align with a market leader in the cement sector with a proven track record of success and innovation.

 

As Dangote Cement continues to drive growth and sustainability across its operations, the Commercial Paper offer underscores the company’s commitment to capital market participation and its vision to remain at the forefront of Africa’s construction and infrastructure development sector.


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