Africa’s richest man, Aliko Dangote, has officially stepped down as Chairman of the Board of Directors at Dangote Cement Plc, effective July 25, 2025. The announcement was made on Friday in a statement released by company spokesperson Anthony Chiejina, marking the end of an era for Nigeria’s largest cement producer and one of Africa’s most valuable companies.

Following his retirement, the Board appointed Emmanuel Ikazoboh, an independent non-executive director, as the new Chairman of the Board. Ikazoboh brings extensive leadership and governance experience, having previously served in top positions within the financial and corporate sectors.

Dangote’s exit from the boardroom role comes as the company continues to consolidate its presence across Africa’s cement market. While he steps back from board leadership, Dangote remains a key figure in the Dangote Group’s broader business empire, which spans manufacturing, oil refining, and infrastructure.