Dangote lured by coal reserves in Zimbabwe
Nigerian billionaire Aliko Dangote has renewed interest in pursuing his US$1.5bn investment in Zimbabwe, according to Naija 247 News. An advance team of geologists have bee...
Dangote Cement
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Sephaku Cement posts 16% fall in profits in 2017
Dangote-owned Sephaku Cement has posted a 16 per cent drop in its full-year profit, despite revenue increasing by 3.7 per cent to ZAR2.37bn (US$201.1m) in 2017. The South Afr...
Dangote Cement records 31% revenue increase in 2017
Dangote Cement Plc has announced its unaudited results for the full-year 2017 period, which show a 31 per cent YoY increase in revenue to NGN805.6bn (US$2.24bn) from NGN615.1bn...
Investment minister explains cement price rises in Tanzania
Tanzania's Trade and Investment minister Charles Mwijage has clarified the reasons behind the recent rise in building materials in the country. He explained that the local incr...
Devki Group complains of substandard imports flood
Devki Group's Chairperson, Narendra Raval, has spoken out against imported cement that is disrupting the Kenyan cement market and has criticised the Kenya Bureau of Statistic...
Dangote London IPO and Eurobond would need Board approval
According to Bloomberg, Dangote Cement Plc is potentially reviving plans for an Initial Public Offering sale in London that could raise about US$1bn. The Nigerian company is sa...
Foreign producers may find Ethiopian raw materials difficult to secure
Cement companies in Ethiopia may in future need mining rights from local regional governments as well as Central government to excavate raw materials. The administration o...
Dangote Cement Nepal is denied mining licence
Dangote Cement Nepal Pvt Ltd has lost its attempt to win an open bid for a mining licence in Nepal. It has been technically disqualified for the detailed exploration of three l...
Bridge closures in Ghana raise cement prices
The price of cement in Tamale, Ghana, has risen to GHS34-35 per bag (US$7-7.70 per bag), an increase of GHS3, on the back of a cement shortage due to bridge closures in the the...
BUA seeks President's support to end mining rights squabble
Nigerian conglomerate BUA group has asked Nigeria's President, Muhammadu Buhari, to intervene in its argument with Dangote group over limestone mining rights. BUA's Chairman, ...