Dangote forecast to increase market share in sub-Saharan Africa

The removal of tariffs and non-tariff barriers under the African Continental Free Trade Area (AfCFTA) will help Dangote Cement Plc’s expansion plans in sub-Saharan Africa and increase its consumption to 275Mt across 16 countries by 2030, according to a projection released by the Nigeria Office for Trade Negotiations.

The Dangote Group has also forecast a 27.1 per cent market share in sub-Saharan Africa in 2018, with this expected to reach 59.4 per cent by 2030.

According to the report, sub-Saharan Africa is expected to record a cement consumption of 119.7Mt in 2018. A total of 16,045 jobs in Nigeria are projected to be created by the sector by 2018, rising to 35,085 by 2024.