Kenyan regulator clears Kalahari Cement’s acquisition of EAPC
Kenya’s Capital Markets Authority (CMA) has granted Kalahari Cement Ltd an exemption from making a mandatory takeover offer for East African Portland Cement (EAPC), removing a k...
Tanzania
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Tanga Cement refinances
Tanga Cement Plc has secured a 16-month moratorium on loan repayments from its majority shareholder Heidelberg Materials AG, providing the loss-making firm with vital breathing ...
Huaxin opens first overseas mortar plant
Huaxin CEO Li Yeqing, Vice Presidents Xu Gang, Wang Jiajun, and Tang Jun, attended the inauguration ceremony, as well as management from Maweni Limestone Ltd, representatives of...
Twiga Cement acquires limestone firm Mamba for US$16m
Tanzania Portland Cement Co (TPC Plc), also known as Twiga Cement , has acquired a 95 per cent stake in limestone extractor Mamba Cement Company for TZS42bn (US$15.94m). Accordi...
Mbeya Cement Co announces its first Tanzanian CEO
Mbeya Cement Co Ltd has appointed Mr Ahmed Mhada as the company’s new CEO. Mr Mhada joined the company as Chief Financial Officer in April 2020. He has 15 years of experience in...
Tanzania: managing expectations Premium
Tanzania’s healthy GDP growth and government investment underpin expectations of further gains in cement demand. Following recent robust growth and capacity utilisation rates, c...
Mbeya Cement announce US$320m expansion
The Tanzanian government has signed an agreement with the Amsons Group to invest US$320m for the expansion of the Mbeya Cement plant and the construction of a new cement plant i...
Savannah Clinker Ltd outbids Amsons Group to acquire Bamburi Cement
Savannah Clinker Ltd (SCL), a Kenya-based construction materials company, has outbid Amsons Group to acquire full ownership of Bamburi Cement . On 28 August SCL announced that i...
Africa is the golden ticket for Chinese cement producers
This week the South China Morning Post pointed out that Chinese cement companies are keen to explore further market opportunities for expansion in Africa's growing cement market...
Cemengal wins new mill project in Tanzania
Simba Energy Ltd (Simba Group) is in the advanced stages of a groundbreaking partnership with Cemengal P&G. The company is establishing a twin cement grinding mill in the Tanga ...