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

Dangote Cement, the continent's biggest producer of the building material, is not expected to attempt a UK initial public offering until at least 2023, said Temilade Aduroja, head of investor relations at the Lagos-based company...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now