When Aliko Dangote talks, Nigeria’s capital markets listen. His decision to revive a London listing for Africa’s largest cement producer, Dangote Cement, is more than just a corporate finance exercise; it is a referendum on how global capital prices African industrial scale. For over a decade, Dangote’s plan to list his cement empire in London has been the financial equivalent of Waiting for Godot. The move was first mooted over a decade ago. It now comes as the company, already trading on the Nigerian Exchange (NGX) since 2010, boasts a market capitalisation of nearly $13 billion and enjoys robust demand across its pan-African footprint. The planned London Stock Exchange (LSE) listing targets a 10 per cent float.