Dangote delays London listing, shores up forex earnings

Aliko Dangote, Africa’s richest person, has again delayed plans to list shares in his cement company on the London Stock Exchange.

“The London listing is not something which will happen in the short to medium term,” she said, adding, “We are focused on our export strategy and increasing our foreign-currency revenue.” The group said in July it was looking to export clinker to 15 countries in Central and West Africa in a bid to boost revenue and resolve a scarcity of foreign exchange scarcity in Nigeria.

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