7 African Billionaires Betting Big on Cement

Billionaires Africa | 09.01.2026 19:10
Cement is not glamorous, but it is the one product you can almost use to read a country’s ambition. You see it in new highways, ports, airports, housing estates, and the quiet spread of block-making yards at the edge of town. Across Africa, that appetite is now big enough to support a serious money story. Industry trackers estimate Africa’s cement market at about $8.1 billion in 2024, rising to $8.7 billion in 2025, with projections pushing it toward $11.7 billion by 2029.