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 dom...
Kenya
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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 it...
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 than...
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.
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 (US$18...
Kenya: dispute over stalled cement plant
Local politicians in Kenya’s West Pokot county have clashed over delays which have seen the construction of a proposed cement plant make little progress for years, the Daily Nat...
Kenya: LafargeHolcim accused of conflicting priorities over EAPCC holdings
The outgoing chief executive of the East Africa Portland Cement Company (EAPCC), Kephar Tande, has told Kenya’s Standard newspaper that LafargeHolcim should either divest itself...
Indonesia: Semen Indonesia looks to international markets
Amid prospects of disappointing revenue growth in the domestic market, Semen Indonesia is looking offshore to expand its sales figures. Newly appointed head of PT Semen Indonesi...
Iran: exporters look to Africa for new markets
Iranian cement producers are looking further afield as the impact of Iraq’s ban on imports shuts them out of their main export market, the Financial Tribune reports. The lifting...
Kenya: Savannah Cement, Kenyatta University collaboration
Kenyan cement producer Savannah Cement has signed an agreement with Kenyatta University to collaborate in areas such as innovation, student internships, joint research activitie...