BUA Group reportedly in talks to build two plants in east Africa
The BUA Group of Nigeria in talks with China’s Sinoma to build two cement plants in east Africa and a steel plant in Nigeria for US$1.9bn, according to a report by Reuters. BU...
Africa
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Addoha reportedly to sell 30% African stake to HeidelbergCement
It has been reported that the Moroccan Addoha Group will sell 30 per cent of its African assets to HeidelbergCement, according to local news sources. The value of the transacti...
New Cameroon plant agreement signed
Mira Company has signed an agreement with the Cameroon’s Ministry of Industry and Technological Development to construct a 1Mta cement plant in Douala. The deal allows the Swis...
Limak plans EUR1bn Africa spending spree
Turkey's Limak Cement is currently in talks to acquire African cement operations to the value of EUR1bn, according to senior executive quoted by Reuters. While there was no cer...
Kenyan output and demand growth slows
During the first 10 month of the year, Kenyan cement manufacturers increased output by 10.58 per cent YoY, The Star (Kenya) reported citing latest provisional data by the Kenya...
CIMAF inaugurates Cameroon plant
Ciment de l’Afrique (CIMAF), a subsidiary of the Addoha Group of Morocco, has opened its new factory in Cameroon. The new plant, located in the industrial area of Bonaberi in D...
Chinese company signs MoU for Namibian plant
China-based Asian and African Business Management has signed a Memorandum of Understanding with Namibian company Whale Rock Cement for a US$350m cement plant. The signing cere...
Sika expands footprint in Africa
Sika is opening its first concrete admixture and mortar production facilities in Nigeria and Côte d'Ivoire and has established new subsidiaries in Ethiopia and Tanzania to part...
Limak embarks on Mozambique plant project
Limak Holding has laid the foundation stone for a grinding and packing plant in Maputo, Mozambique, a move that forms part of the Turkish company's vision to become a global ce...
Sino Zimbabwe cuts prices to boost market share
Sino Zimbabwe has reduced the price of its cement products by 20 per cent to increase market share, according to reports by the Financial Gazette’s Companies & Markets. Genera...