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Egypt: a game of controlling variablesThe Egyptian economy has seen some headwinds in the past few years. After four devaluations in the span of two years, inflation and interest rates have skyrocketed. The Egyptian pound has lost ~70...new site articles - 11 November 2024 |
ABC Transport expands haulage capacity at Lafarge Africa with new CNG-powered fleetABC Haulage, the heavy-duty division of ABC Transport Plc, has significantly expanded its fleet capacity at Lafarge Africa ’s cement plant, introducing compressed natural gas (CNG)-powered trucks...News - 04 November 2024 |
Cemex reports 3Q24 net sales of US$4bnCemex reported an EBITDA of US$747m and net sales of US$4.09bn in the 3Q24 in a period. Weather impact accounted for a little less than half of the LtL EBITDA shortfall in the quarter. Consolida...News - 29 October 2024 |
OPEC+ struggles to support oil as petcoke offers tempting discountsIn a market dominated by geopolitical news from the Middle East (Israel–Hezbollah–Gaza) and a new nuclear doctrine from Russia, which puts the next steps in the war in Ukraine in a new perspective...News - 28 October 2024 |
Afrimat reports group revenue rise of 44% in six months ending 31 AugustAfrimat has released results for the six months ending 31 August 2024. Group CEO, Andries van Heerden, said that group revenue increased by 44.3 per cent from ZAR2.8bn (US$158.2m) to ZAR4.1bn, i...News - 25 October 2024 |
Robtek completes upgrade at Dudfield cement plantThe Robtek team has recently completed the discharge seal air cowl extension at AfriSam ’s Dudfield cement plant, contributing to the efficiency and performance of their operations. In the past...News - 09 October 2024 |
PPC cement sales fall in 4M24-25PPC cement sales declined 4.6 per cent in South Africa and Botswana in the first four months of FY24-25. However, revenue increased by 1.6 per cent YoY, supported by a 5.5 per cent hike in prices....News - 01 October 2024 |
Energy Index driven lower by oil – petcoke below US$60 with high discount offerBy Frank O. Brannvoll, Brannvoll ApS, Denmark Geopolitics still dominate the markets. Financial markets expect the US Federal Reserve to deliver a 0.25 per cent cut in mid-September and a furth...News - 23 September 2024 |
Votorantim appoints new executive VP of finance and investor relationsVotorantim Cimentos SA announced on 2 September 2024, its appointment of Antonio Miguel Sousa Pelicano to the position of executive vice president of finance and investor relations. Mr Pelicano ...News - 03 September 2024 |
Local dam to be unaffected by new cement plantThe Zimbabwe National Water Authority (ZIMWA) has needed to dispel concerns over the establishment of a new US$1bn cement plant in Magunje, Zimbabwe would pollute the nearby Kemureza Dam. Labenmom...News - 28 August 2024 |