Kenya: East Africa Portland Cement sees 2015 profits fall 42%
East Africa Portland Cement Company (EAPCC) has announced that its profits for the financial year ending in June 2016 were KES4.2bn (US$41m), having fallen by 42.1 per cent in ...
Kenya
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Kenya: CDC completes purchase of 40% stake in ARM Cement
ARM Cement has completed the sale of 40 per cent of its shares to CDC Group, a UK-owned development corporation, for KES14.1bn (US$139m), Capital Business reports. The inves...
Dangote
Despite a 15 per cent increase in sales in Nigeria in July and August this year, Dangote Cement has been forced to increase its cement prices in the country due to escalating c...
Kenya: CDC Group appoints two directors to ARM's board of directors
UK’s sovereign wealth fund CDC Group has appointed two directors to the board of Kenyan cement manufacturer ARM Cement Ltd in which it recently acquired a 40.6 per cent stake f...
Kenya: East African Portland Cement MD refused to reinstate sacked staff
Simon Peter ole Nkeri, managing director of East Portland Cement Co, is being sued for contempt of court by five former employees of the company, report the Star (Kenya). The ...
Kenyan cement firms feel the squeeze
This week the Kenyan National Bureau of Statistics announced that KES2.2bn (US$21.7m) of cement was imported from China in the 1H16 - a 10-fold YoY increase. While full-year do...
Kenya: ARM will look to improve margins
ARM Cement posted a pretax loss of KES473.5m (US$4.5 m) in the first six months, which the firm attributed to unrealised foreign exchange losses associated with borrowing for i...
Chinese imports into Kenya show 10-fold rise
New figures from the Kenyan National Bureau of Statistics reveal that the country imported KES2.2bn (US$21.7m) of cement from China in the first six months of 2016, up more tha...
Dangote exports Ethiopian cement to Kenya
Kenya's cement market is now being supplied with cement from a new source as Dangote has started exports from its 2.5Mta Ethiopian plant to the east African country. Industr...
Kenya: Bamburi reports KES4.27bn profit
For the 1H16 Bamburi Cement Ltd reported a pre-tax profit of KES4.27bn (US$42.12m), compared to KES4.5bn achieved in 1H15. Turnover for the six months stood at KES19.11bn (U...