Dangote Cement confirmed the sale of a 10% equity stake in its Senegalese subsidiary to the Government of Senegal, making the state the largest minority shareholder. Dangote operates a 1.5Mta capacity cement plant in Pout, about 60km from Dakar, controlling a market share of about 20%. The move reduces Dangote’s direct stake from 99.99% to 89.99% and aims to consolidate the institutional relations between the Cement giant and the new administration in Dakar, ensuring that the state has a direct voice in production policies and pricing for a commodity being critical to the nation’s infrastructure and urbanization goals.