Twiga sees 33% rise in net profit for 1H20
Tanzania Portland Cement (Twiga) has reported a 33 per cent YoY increase in net profit to TZS34.94bn (US$15.05m) in the first half of 2020, against TZS26.19bn in the 1H19. "Desp...
Tanzania
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Maweni Limestone upgrades kiln line
Huaxin Cement’s Maweni Limestone subsidiary has ignited the kiln and begun trial production at its recently-upgraded 0.75Mta plant. Huaxin Cement acquired the Tanzanian company ...
Huaxin Cement acquires ARM Cement's Tanzanian unit
The Tanzanian unit of Kenya's ARM Cement has been sold to China's Huaxin Cement, according to its administrator PricewaterhouseCoopers. Huaxin is expected to invest US$116m into...
Tanga Cement sees 1H sales slip 1%, net loss widens
Tanzania-based Tanga Cement saw its first-half sales edge down by one per cent YoY to TZS97.63bn (US$42.4m) in 2019 from TZS98.88bn in the1H18, according to the company’s unaudi...
Dangote
Dangote Cement has announced plans to expand its cement capacity in Africa by 29 per cent to 62Mta. The company is expected to add 6Mta in Nigeria in 2020, taking its capacity i...
ARM subsidiary is sold to Huaxin Cement
Maweni Limestone Ltd, the Tanzanian subsidiary of ARM, has been sold to Huaxin Cement of China for US$116m. The acquisition is subject to regulatory approvals. "This transaction...
Turbulent times for Africa? Premium
For the cement sector, turmoil has probably come to a head in many parts of Africa. Cement demand has slowed or fallen back into the red in many African countries, while overcap...
Kenya's cement exports decline 65% in 1H19
Kenya’s domestic cement exports have recorded a 65.3 per cent decline in value to KES362.28m (US$3.5m) in the first six months of the year, against KES1.04bn in the 1H18, accord...
Tanga Cement sees 25% increase in revenue for 2018
Tanzania’s Tanga Cement reported a 25 per cent YoY increase in revenue to TZS215bn (US$93.56m) for 2018, up from TZS172bn in the previous year. Gross profit rose 91 per cent to ...
National Cement's acquisition of ARM blocked
The acquisition of ARM Cement for US$50m by National Cement has hit a legal block. ARM's former CEO and leading shareholder, Pradeep Paunrana, has challenged the sale in the Hig...