Cement News tagged under: East Africa

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Kolos sees 17% profit drop in 2020

06 April 2021, Published under Cement News

Mauritius-based Kolos saw its profits fall by 17.4 per cent to MUR145m (US$3.57) from MUR175.6m in 2019. The company’s income declined from MUR1.4bn to MUR1.3bn. The drop in profit and income was the result of the lockdown due to the COVID-19 pandemic as well as the rising cost of raw materials as the rupee weakened. However, the company stated that “despite the difficult operating environment, the company showed tremendous resilience and demonstrated its ability to ensure continuous sup...

Messebo Cement resumes operations

24 March 2021, Published under Cement News

Ethiopia’s Messebo Cement has now resumed production after suspending operations for four months due to fighting in the area. Melaku Alebel, Minister of Trade, has confirmed that the company has started supplying products to stabilise the cement market. While cement prices had spiked in recent weeks, following measures taken by the Ministry of Trade, the price has fallen to ETB420/100kg (US$10.14) from ETB600 in Addis Ababa.

Ethiopia's cement sector is on the brink of transition

12 March 2021, Published under Cement News

This week the construction of the Lemi National Cement industrial Complex by East Africa Holdings (National Cement) and West China Cement Ltd in the Amhara region of Ethiopia was announced. This privately-owned industrial park will invest US$2.2bn into the production of building materials, including a 10,000tpd cement plant, adding 3.3Mta to domestic cement capacity and is scheduled to take 18 months to complete. It will take 5-7 years to before the complex is fully complete. Cement ...

New cement project set to begin in Ethiopia

09 March 2021, Published under Cement News

Lemi National Cement Industrial Complex, a new private industrial park, is set to be built in the Amhara region of Ethiopia by private investors, according to The Swazi Observer. The US$2.2bn complex is expected to feature many different factories, including a 10,000tpd cement plant. Other factories to be built at the park include gypsum, board and glass manufacturing. The new park is owned by East Africa Holdings, the group which also runs National Cement. China’s West International Hold...

EAPCC sees revenue down 6%

26 February 2021, Published under Cement News

Kenya’s East African Portland Cement (EAPCC) has posted a KES1.035bn (US$9.425m) net loss for the half-year ended on 31 December 2020. The loss was still a 34 per cent improvement from the KES1.575bn loss recorded in the year-ago period. The company’s revenue fell by 6.3 per cent YoY to KES1.39bn from KSh1.48bn in the 1HFY19-20, on the back of a slowdown in the real estate and construction industry. EAPCC is also expected to end its corporate loan facility to cut high finance costs thr...

Mugher Cement Factory seeks production increase

27 January 2021, Published under Cement News

Ethiopia’s Mugher Cement Factory will boost production to increase its share of the market, according to Takele Uma, minister of mines and petroleum. The minister stated that the state-owned cement factory’s current production volumes are disproportionate compared to the abundant natural resources in the area. Therefore, efforts will be made to improve production capacity and increase its market share above 25 per cent.

Karamoja cement plant proposed by Ugandan presidential candidate

17 December 2020, Published under Cement News

The Forum for Democratic Change government, in Uganda, will construct a cement factory in Karamoja Sub-region if elected into power, Mr Patrick Amuriat Oboi, the party’s presidential candidate, has said.  Mr Amuriat, who is campaigning in the sub-region, said while Karamoja has a wealth of minerals, the current regime has deliberately refused to construct factories there and preferred to transport the raw minerals to other regions. "I will make sure my government constructs a lime...

Cimerwa reports revenue increase in FY19-20

15 December 2020, Published under Cement News

Rwanda’s Cimerwa has seen its revenue increase one per cent YoY to RWF63bn (US$63.79m) in the financial year ended September 2020. Profit after tax reached RWF1.9bn, while EBITDA was at RWF1.95bn for the FY19-20. During the year, Cimerwa produced and sold 421,000t of cement, an improvement on the previous fiscal despite a 40-day shutdown on cement production due to the effects of COVID-19. "There has been an increased demand from a number of large infrastructure projects, such as the c...

Tanga Cement's Board Chairman forecasts strong infrastructure demand in 2021

01 December 2020, Published under Cement News

Tanga Cement PLC's Board Chairman, Lawrence Masha, gave an upbeat outlook on the company's prospects because of the government’s heavy infrastructure projects and investments. At the shareholders' annual general meeting Mr Masha said: "The group remains optimistic of the positive impact of infrastructure development plans under the government’s development version 2025 programme and expect the projects to continue gaining momentum in 2020." Despite the company’s net loss of TZS1...

Tanzania cement plants inspected for hoarded cement

26 November 2020, Published under Cement News

Tanzanian Prime Minister Kassim Majaliwa on Saturday ordered all regional commissioners to inspect all cement factories in the country and prosecute owners found hoarding the commodity. He said the inspection should also involve cement sales agents and retailers of the commodity across the country. A statement by the Prime Minister's Office in the country's legislative capital Dodoma said  he made the order in a video conference with the regional commissioners. Speaking shortly af...