Ethiopia: Dangote plant attracted with cheap power deal
Dangote’s decision to establish a 2.5Mta cement plant in Ethiopia was motivated by a government guarantee of cheap electricity, Muhammadu Sanusi, the Emir of Kano, has claimed ...
Nigeria
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Nigeria: cement price rise will impact house building
Cement dealers in Umuahia have spoken out against the rise in the retail price of cement, which have been raised by almost 50 per cent recently. The hike was caused by the high...
Dangote announces price rise, starts coal mining in November
Dangote Cement's sales growth remains robust with Nigerian vollumes up 15 per cent in July and August. However, in the current quarter, the company has seen disruption to the g...
Nigeria: cement prices in Lagos rise by over a third
The price of bagged cement in Lagos has risen sharply overnight, according to reports in The Nation. A 50kg bag now retails for between NGN2200 and NGN2300 (US$7-7.30), a rise ...
Nigeria: removal of cement tax incentive
The removal of pioneer status tax incentive for the cement industry has caused concerns for operators in the real sector, who feel the development will send the wrong signal to...
Nigeria: Lafarge Africa complains of inadequate gas supply
Management at Lafarge Africa’s plants at Ewekoro and Sagamu, Ogun State, have voiced their concerns over the inadequate gas supply to their operations. Production managers at t...
LafargeHolcim 2Q16 results
LafargeHolcim released its second quarterly results today, which reported net sales of CHF7.28bn (US$7.47bn). Adjusted operating EBITDA (excluding merger, restructuring and oth...
Dangote reports 60% rise in sales in 1H16
Dangote Cement announced its unaudited results for the six months ended 30 June 2016. The company saw its revenue grow by 20.6 per cent to NGN292.2bn (US$925m) but lower sellin...
Nigeria: Ashaka Cement signs NGN11bn coal power agreement
Ashaka Cement plc has signed a NGN11bn (US$35m) contract with China-based RUNH Power Corp Ltd for the construction of a 16MW lignite-fired coal power plant at its cement plant ...
Lafarge Africa in 2Q16
Lafarge Africa Plc has released its financial results for 2Q16, reporting a total revenue of NGN107bn (US$344.9m). Cost of sales stood at NGN92.2bn (US$297.3m), down from NGN98...