Lafarge Zimbabwe returns to full-year profit
Lafarge Zimbabwe returned to full-year profit for the 12 months ending December 2016 as volumes edged ahead and cost savings in operations, plant maintenance and "better" inven...
Africa
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Nigerian government commends Dangote Cement self-sufficiency feat
The Nigerian government has officially confirmed that Nigeria has attained self-sufficiency in the production of cement and is now an exporter of the commodity, ascribing the f...
The world in 2016 and outlook for 2017
This year will be a challenging year for the multinational cement companies, which are now faced by uneven economic performance in the emerging markets, combined with a new er...
Dangote Group to spend US$20bn on investments by 2020
Dangote Group is planning to invest over US$20bn (NGN630.5bn) and engage over 200,000 additional workers in various projects to impact the Nigerian and African economy by 2020....
Dangote reports 60% rise in sales in 1H16
Dangote Cement announced its unaudited results for the six months ended 30 June 2016. The company saw its revenue grow by 20.6 per cent to NGN292.2bn (US$925m) but lower sellin...
Lafarge Africa appoints new group managing director
Lafarge Africa Plc has announced the appointment of Michel Puchercos as its new group managing director/CEO. A French national, Mr Puchercos has worked in South Korea, Kenya...
PPC eyes longer-term growth outside of Africa
PPC has unveiled a new expansion strategy that envisages doubling the business every 10 years and growing beyond its traditional markets in Africa. In an investor presentati...
Dangote Cement full-year boosted by new African plants
Dangote Cement posted a 25.6 per cent rise in 2015 revenues to NGN491.7bn (US$2.47bn) as new plants performed strongly across Africa, the company reported yesterday. New prod...
New managing director of PPC Zimbabwe appointed
PPC has appointed Kelibone Masiyane as managing director of PPC Zimbabwe. Following the recent re-deployment of former managing director of PPC Zimbabwe Njombo Lekula as the m...
ZCCM plans cement and power investment
Zambia-based ZCCM Investments Holdings is expected to develop a cement plant and 52MW thermal power and Ndola as part of the company’s diversification programme. ZCCM-IH wil...