Cement News tagged under: East Africa
Abyssinia Cement ownership moves to ZayRide founders02 March 2023, Published under Cement NewsThe founders of Ethiopia’s pioneer taxi service, ZayRide, have added Abyssinia Cement to their investment portfolio for ETB600m (US$11.2m), according to Capital Ethiopia. Abyssinia Cement operates a 0.85Mta integrated cement plant at Chanco, 45km north of the capital Addis Ababa in the Oromia region. Habtamu Tadesse, CEO of ZayRide, said that the cement industry was one of the country’s increasingly lucrative businesses and said in terms of running costs, he expects to pay out ETB150m.... |
National Cement Co Ltd to open 2.5Mta clinker plant in Kenya01 March 2023, Published under Cement NewsKenya-based National Cement Co Ltd (NCC) has announced it will open a new clinker plant in September 2023. Located in West Pokot, the new plant is expected to have a clinker capacity of 2.5Mta. NCC owner, Narendra Raval, has said following commissioning of the plant, the company will be one of the largest producers of clinker in Africa and plans to export clinker to countries in the region that have a deficit. The feasibility study for the project, commissioned in 2010 by the Kerio Vall... |
Holcim and 14Trees delivers on 3D printed Kenyan houses15 February 2023, Published under Cement NewsHolcim has successfully completed the largest 3D-printed affordable housing to date through 14Trees, its joint venture with British International Investment, the UK’s Development Finance Institution (DFI) and impact investor. The 3D printing of 10 housing units in Kenya’s Mvule Gardens project was made possible with TectorPrint, Holcim’s proprietary, innovative and versatile 3D printing ink, produced in Kenya for the first time. The project’s advanced sustainability profile has attained a... |
New target markets for East African Portland Cement Co26 January 2023, Published under Cement NewsFollowing its KES500m (US$4m) plant upgrade, The East African Portland Cement (EAPC) is planning to expand within the East African Community member countries and is targeting cement sales in Rwanda and DR Congo. The Athi River-based cement processor has replaced part of its kiln shell at its Athi River plant and is now producing its own clinker. In 2021 EAPC it announced a five year business modernisation and expansion plan to return to profitability. The firm’s CEO, Oliver Kir... |
Livetouch Investments to build its second Zimbabwe cement plant17 January 2023, Published under Cement NewsLivetouch Investments is building a second cement plant in Zvishavane, Midlands, Zimbabwe, to the tune of US$20m under the first phase of the project. The first phase of the cement plant will produce 200,000tpa upon completion between June-July 2024. Livetouch Investments, whose first cement factory is situated in Redcliff, Midlands, is presently producing 200,000tpa against an installed capacity of 340,000tpa. In an interview, the company's managing director, Kyle Wang, said the c... |
Savannah Cement sells 60% stake to Barak Asset Recovery12 January 2023, Published under Cement NewsMauritius-based Barak Asset Recovery has been given the green light by regulators to acquire a 60 per cent stake in Savannah Cement from Seruji Ltd . With one plant in Athi River , Nairobi, Savannah Cement began operations in 2012 and quickly gained a 15 per cent share of the Kenyan cement market. However, in recent years its market share slipped to 10 per cent with two lenders, banks KCB and Absa, seeking to liquidate the firm’s assets after Savannah defaulted on loan payments, repor... |
Kenyan cement consumption falls 15% YoY04 January 2023, Published under Cement NewsCement consumption in Kenya declined from 2.596Mt in the third quarter of 2021 to 2.217Mt in the same period this year, marking a contraction of 14.6 per cent YoY. Cement production over the same period fell from 2.64Mt in the 3Q21 to 2.302Mt. The drop mirrors the downward trend seen in the country’s construction sector, which reported growth of 4.3 per cent in the 9M22, compared to an advance of 6.7 per cent in the same period a year earlier, according to Business Daily. The data, pro... |
Lawrence Masha resigns as Tanga Cement board chairman02 January 2023, Published under Cement NewsLawrence Masha has left the board of Tanga Cement Co Ltd. In a statement to the Dar es Salaam Stock Exchange, the company said:”Shareholders are advised that Tanga Cement PLC announced today that the Chairman of the Board, Mr.Lawrence Masha, resigned from his position with effect from December 15, 2022, having spent nine years on the Board of the Company, to be able to commit to a new opportunity.” The resignation follows its failed takeover by Scancem International, subsidiary of Heidel... |
ZSE halts all share trading in Lafarge Cement Zimbabwe23 December 2022, Published under Cement NewsThe Zimbabwe Stock Exchange Ltd (ZSE) has implemented a securities halt in the trading of shares in Lafarge Cement Zimbabwe Ltd . The halt is effective from 23 December 2022 until further notice. According to ZSE, “Following the execution of a sale and purchase agreement between Associated International Cement Limited and Fossil Mines (Pvt) Ltd for a 76.45 per cent shareholding in Lafarge, there have been material developments in the sphere of activity of Lafarge. The full impact of t... |
Cementis expansion to lead to lower cement price and self-sufficiency19 December 2022, Published under Cement NewsThe expansion of the Cementis cement plant in Ibity, near Antsirabe in Madagascar, is expected to lead to a significant drop in cement prices. Within three years, the price of a 50kg bag is forecast to fall to MGA14,000 (US$3.17), according to the country’s President, Andry Rajoelina. The project will increase the production at the cement plant to 1Mt from its current 180,000tpa, enabling the country to achieve cement self-sufficiency. |