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 selling...
Tanzania
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Tanzania: Tanga Cement to double clinker capacity
The Tanga Cement Company Limited (TCCL) has announced plans to raise output to 1.2Mt once the new kiln line is operational at its plant in northeastern Tanzania, East African Bu...
Tanzania: Twiga dividends increase 15%
Twiga Cement announced at its Annual General Meeting held in Dar es Salaam yesterday that the dividend had risen from TZS267 (US$0.12) in 2014 to TZS306 in 2015. This increase i...
Tanzania: Tanga Cement seeks to cut costs as profits fall
Tanga Cement has said that it will concentrate on cutting costs in an effort to counteract falling revenues, the Citizen reports. The company, whose profit fell to TZS8.24bn (US...
Tanzania: Tanga Cement Co looks to cut costs with rail deal
The Tanga Cement Company has signed a deal with Tanzania Railway Ltd to transport 35,000t of cement a month to Mwanza and Kigoma. The deal would see the state rail company ship ...
TPCC profits rise, dividend announced
Tanzania Portland Cement Company (TPCC) profit increased by three per cent to TZS56.2bn (US$25.72m) in 2015, despite depreciation of the shilling that had a negative impact on f...
Tanzania: Tanga Cement suffers profit decline
Tanga Cement Co Ltd's 2015 profit fell to TZS8.24bn (US$3.774m) compared to TZS28.40bn (US$13m) in 2014, according to the national paper the Daily News. The audited financial re...
Tanzania: Tanga Cement seal rail distribution deal
Tanga Cement Plc and Tanzania Railways Ltd (TRL) signed a Memorandum of Understanding (MoU) yesterday to secure cement delivery by rail to Tanga customers in Kigoma and Mwanza r...
Tanzania: Tanga in talks for increased rail usage
Tanga Cement Co Ltd (TCCL) is finalising discussions with the government of Tanzania to use the Tanga-Moshi railway to Arusha for transportation of its products, according to Pr...
Dangote Cement
Dangote has announced an increase in sales of 18 per cent to NGN366bn in 9M15, compared to the same period last year. Net income grew over the period from NGN141bn to NGN158bn, ...