Sephaku Cement sees profits fall on construction activity decline
Sephaku Cement (Dangote group) says it expects the next 12-18 months to be tough on the building sector. Declining numbers of new construction sites are impacting on business. T...
Dangote Cement
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Dangote Cement plans 1Mta grinding unit in Gabon
Dangote Cement will construct a new 3000tpd clinker grinding plant in Gabon, representing an investment of US$75m, according to Dangote Group President, Alhaji Aliko Dangote. Th...
US cement market boosted FY19 financial results
This week, several leading cement producers reported on their FY19 business results. ICR has taken a look at the results of HeidelbergCement, LafargeHolcim, Dangote Cement, Vica...
Dangote Cement sees modest revenue decline in 2019
Nigeria’s Dangote Cement has seen a modest 1.1 per cent YoY decrease in revenue to NGN891.67bn (US$2.45bn) for 2019, compared to NGN901.21bn in the previous year. EBITDA also fe...
Dangote Cement receives approval for share buyback
Nigeria’s Dangote Cement has received shareholder approval to complete a share buyback scheme within 12 months. Under the plans, 1.7bn out of a total of 17.04bn ordinary shares ...
Dangote Cement Plc plans share buy-back
Dangote Cement Plc is seeking shareholder approval to commence a share buy-back in an attempt to improve return on equity and shareholder value. In a notification to the Nigeria...
Makoju retires; Dangote Cement appoints new CEO
Michel Puchercos, a former managing director of Lafarge Africa, has been appointed as the new Chief Executive of Dangote Cement Plc, according to a report in The Sun, Nigeria. H...
Dangote bets on Togo becoming an emerging nation
This week Dangote Cement announced its intention to build a 1.5Mta grinding plant in Togo, having signed a contract with the country's government. The project is set to start in...
Sephaku Holdings reports net loss in 1HFY19-20
South Africa’s Sephaku Holdings has reported a loss of ZAR7.7m (US$521,582) for the six months ending 30 September 2019, compared with a ZAR26.5m net profit in the year-ago peri...
Dangote plans to construct 1.5Mta plant in Togo
Nigeria’s Dangote Industries Ltd has reportedly signed a contract with the government of Togo to build a cement factory in the country. The 1.5Mta grinding plant is expected to ...