Tanzania

189 posts · Page 4 of 19

Tanga Cement sees net loss widen in 1H21

Tanga Cement sees net loss widen in 1H21

Tanzania’s Tanga Cement saw its net loss widen to TZS7.8bn (US$3.38m) in the first half of 2021, compared with a TZS5.2bn loss in the year-ago period. Around TZS2.6bn has been a...

Dangote Cement considers Mtwara expansion

Dangote Cement considers Mtwara expansion

Dangote Cement is reportedly considering an expansion of its Mtwara plant in Tanzania, as the domestic cement market expands. "We have come a long way and right now we are doing...

The pull towards Tanzania

The pull towards Tanzania Premium

Despite a slight contraction in 2020, Tanzania’s cement consumption is estimated to remain stable or increase going forward owing to promising market fundamentals. However, over...

Twiga Cement to expand production capacity

Twiga Cement to expand production capacity

Tanzania Portland Cement (Twiga Cement) has announced its intention to invest US$15m in an expansion and rehabilitation programme in 2021, according to the Tanzania Daily News. ...

Twiga Cement saw profits rise 25% in 2020

Twiga Cement saw profits rise 25% in 2020

Tanzania Portland Cement (Twiga Cement) saw its pretax profit rise 25 per cent YoY to TZS107.42bn (US$46.3m) in 2020, against TZS85.87bn in the previous year. The company’s turn...

Tanzania reports cement shortage

Tanzania reports cement shortage

Tanzania’s Ministry of Trade and Industry has attributed the country’s recent high cement prices on non-production by four cement manufacturers in the country that had gone into...