Cement News tagged under: Ethiopia
Ethiopia starts online cement sales14 July 2020, Published under Cement NewsCement customers in Ethiopia can now gain access to buying cement online with the start-up of Dumbulo Shopping Solutions. The online shopping platform founded by Dr Gemechu Waktola will boost cement sales in the region around Addis Ababa. The company has entered into an agreement with National Cement, which has a central cement warehouse in Addis Ababa, and is in discussions with other cement producers. "Big investment projects and government infrastructure development projects can dir... |
Ethiopia's cement prices begin to stabilise22 June 2020, Published under Cement NewsEthiopia’s Ministry of Trade and Industry has confirmed that cement prices have been stabilising in the country, as a result of regulatory measures taken by the Ministry, according to New Business Ethiopia. Cement prices had almost doubled to around ETB450/50kg bag (US$13) recently, reportedly due to some major suppliers not producing at full capacity and issues with hoarding of the product. Since a shortage of imported material was the reason for the fall in production, the Ministry h... |
Abay Cement plant now 60% complete19 May 2020, Published under Cement NewsThe construction of Abay Cement Factory in Amhara, Ethiopia, is now 60 per cent complete and will commence operations next year, according to Samuel Halala, director of the Ethiopian Chemical and Construction Inputs Industry Development Institute. The 2.5Mta project is being developed by Abay Industrial Development Association. On average, cement plants in the country are using around 60 per cent of their production capacity, stated Mr Halala. He also noted that the price of cement has su... |
Lack of foreign currency impacts Mugher productivity22 July 2019, Published under Cement NewsA shortage of foreign currency is affecting the operations of Ethiopia-based Mugher Cement, according to Akalu Gebrehiwot, the company’s general manager. The company requires around US$3m annually for the procurement of spare parts for its cement plants. However, the Commercial Bank of Ethiopia and the National Bank of Ethiopia could not allocate more than US$0.5m due to the shortage of foreign currency that is currently affecting the country, said Mr Gebrehiwot. The company is carrying ou... |
Ethiopian cement plants encouraged to turn to biomass17 July 2019, Published under Cement NewsThe Ethiopian government hopes that more cement plants will consider replacing their coal imports with locally-produced biomass to reduce foreign currency spending and cut carbon emissions. Many of Ethiopia's 17 factories import coal from South Africa at a cost of US$220m annually. The CCIIDD is working with the cement industry to replace foreign coal with local biomass. "If we can replace 40 per cent of the coal with the biomass, we can save up to US$88m per year," said Samuel Healala... |
Dangote Cement clocks in with iris technology11 June 2019, Published under Cement NewsDangote Cement is keeping an eye on staff arrival and attendance with an iris recognition system to keep tabs on its 30,000 employees located in five countries in Africa. Dangote's operations in Nigeria, Ethiopia, Senegal, Sierra Leone and Republic of Congo will use the iris-ID system. The software is contactless and simply uses the coloured part of the eye surrounding the pupil to identify staff. According to Preasanna Kumar Burri, Dangote Group chief information officer, the traditi... |
Dangote Cement sees volumes rise, revenues down in 1Q1929 April 2019, Published under Cement NewsDangote Cement reported increased volumes of 6.3Mt, up 2.3 per cent YoY, in the first quarter of 2019. However, group revenues slipped 0.8 per cent to NGN240.2bn (US$668m) and group EBITDA fell 11.2 per cent to NGN111.8bn. Nigeria Despite a subdued domestic economy, Nigeria’s cement market remained robust, expanding by six per cent in the 1Q19. However, the rate of growth slowed in February and March. As a result, Dangote’s Nigerian operations supplied nearly 4Mt, its third-highest qua... |
Ethiopia: investing for a better future08 April 2019, Published under Cement NewsEthiopia's cement capacity is in the ascent. The sector has raised its cement capacity to approximately 17Mta, but domestic cement demand was just under 9Mt in 2017. In the meantime local cement producers have turned to exporting, and last year the Ethiopian Cement Association announced the country had become a net exporter, supported by the reopening of the border with Eritrea and developed trade routes to Djibouti and Somaliland and Somalia. The country needs more large construction ... |
Ethiopia: investing for a better future05 April 2019, Published under Cement NewsEthiopia's cement capacity is in the ascent. The sector has raised its cement capacity to approximately 17Mta, but domestic cement demand was just under 9Mt in 2017. In the meantime local cement producers have turned to exporting, and last year the Ethiopian Cement Association announced the country had become a net exporter, supported by the reopening of the border with Eritrea and developed trade routes to Djibouti and Somaliland and Somalia. The country needs more large construction ... |
Ethiopia launches new 2.25Mta cement plant28 March 2019, Published under Cement NewsAbay Cement has officially launched the construction of its plant in Dejen district of the Amhara region. The construction of the plant will cost ETB8.8bn (US$306m). Dr Ambachew Mekonnen, president of the Amhara regional state, as well as other government officials were present during the launching ceremony. The construction of the plant, which is estimated to take two years to complete and four more months to complete, will have a production capacity of 2.25Mta of cement. Abay Cement is e... |