Kenyan cement consumption falls 15% YoY
Cement consumption in Kenya declined from 2.596Mt in the third quarter of 2021 to 2.217Mt in the same period this year, marking a contraction of 14.6 per cent YoY. Cement produc...
East Africa
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Lawrence Masha resigns as Tanga Cement board chairman
Lawrence Masha has left the board of Tanga Cement Co Ltd. In a statement to the Dar es Salaam Stock Exchange, the company said:”Shareholders are advised that Tanga Cement PLC an...
ZSE halts all share trading in Lafarge Cement Zimbabwe
The Zimbabwe Stock Exchange Ltd (ZSE) has implemented a securities halt in the trading of shares in Lafarge Cement Zimbabwe Ltd . The halt is effective from 23 December 2022 unt...
Cementis expansion to lead to lower cement price and self-sufficiency
The expansion of the Cementis cement plant in Ibity, near Antsirabe in Madagascar, is expected to lead to a significant drop in cement prices. Within three years, the price of a...
CIMERWA posts end of year revenue of RWF92.1bn
CIMERWA Plc 's year-end financial results recorded revenue of RWF92.1bn (US$84.6m) in 2022, 37 per cent above the previous year. “This is mainly attributed to the optimisation o...
Savannah Cement places order with Sinoma for new Kenyan plant
Savannah Cement has placed an EPC order with Sinoma International Engineering for a new US$300m cement plant in Kenya. Sinoma will construct a clinker line with an output of 800...
Bamburi Cement forecast to see 25% drop in earnings
Bamburi Cement is expected to post net earnings for FY2022 down by at least 25 per cent compared to FY21, according to Reuters News. The loss in earnings is being attributed to ...
Bamburi Cement celebrates eco-friendly certification
Bamburi Cement Kenya has secured an eco-friendly cement range certification for its four brands after achieving 30 per cent lower carbon dioxide (CO2). Speaking at the launch of...
PPC posts 23% drop in EBITDA
PPC Ltd , which is currently finalising its results for the six months ended 30 September 2022, has posted a 23 per cent YoY drop in EBITDA to ZAR728m (US$42.1m) in the six mont...
Tanzania Portland Cement reports 9M profit up 6%
Tanzanian cement producer Tanzania Portland Cement PLC has posted a six per cent increase in pretax profit in the first nine months of the year as domestic and export cement dem...