Bamburi sees 37% drop in net profit in 2019
Kenya-based Bamburi Cement has posted a 37 per cent YoY fall in net profit in 2019. Net profit declined to KES359m (US$3.39m) from KES572m in 2018. The company attributed the ...
Kenya
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Dal Machinery & Design deliver three kiln shells to Twiga Cement
Dal Machinery & Design (Dal Engineering Group) has delivered three rotary kiln shells for Tanzania Portland Cement Public Ltd (Twiga), Tanzania. The kiln shells were manufactu...
Kenya's cement consumption recovers in January
Kenyan cement consumption reached a 17-month-high in January 2020, according to the Kenya National Bureau of Statistics (KNBS). Demand hit 528,904t during the month and marked ...
Devki Group's Narendra Raval donates KES100m for oxygen
Kenyan cement and steel businessman, Narendra Raval, CEO of the Devki Group, has donated KES100m to supply oxygen to government hospitals in the fight against COVID-19. The...
Kenyan producers oppose National Cement's call for clinker import duty rise
National Cement Co of Kenya has struck out on its own in asking for an increase on clinker import duty from 10 to 25 per cent. Bamburi Cement, East Africa Portland Cement VCO ...
East African Portland Cement announces 8% revenue increase
Kenya’s East African Portland Cement has reported a KES1.63bn (US$16.1m) net loss in the first half of the financial year, ending 31 December 2019. This is largely consistent w...
National Cement Co launches new 0.75Mta plant in Kenya
Kenya’s National Cement Co (Devki Group) has launched a new 0.75Mta facility in Salgaa, Nakuru County, representing an investment of around KES5.8bn (US$57.5m). The plant wil...
East African Portland Cement defaults on KCB Bank loan
East African Portland Cement Company (EAPCC) has defaulted on a KES263m (US$2.6m) loan it took from KCB Bank, prompting the lender to recall the credit facilities, reports Pric...
Head of Savannah Cement named CEO of the year
Savannah Cement’s Chief Executive Officer, Ronald Ndegwa, has been named CEO of the year by the Kenya Institute of Management. Mr Ndegwa dedicated the award to the company’s ma...
Mombasa Cement set to commission wind farm
Mombasa Cement will commission its new 36MW wind farm at Kilifi in December. The facility is composed of 12 wind turbines of 3MW each and will supply its 1.6Mta Athi River ceme...