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...
Tanzania
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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...
Tanzania Portland Cement reports increased profits for 2018
Tanzania Portland Cement (TPC PLC), also known as Twiga Cement, recorded a 28 per cent YoY increase in operating profit for 2018, rising to TZS80.06bn (US$34.8m) from TZS62.67bn...
Dangote Cement
The first quarter of 2019 saw Dangote Cement report a 2.3 per cent YoY increase in volumes to 6.3Mt. Over the same period, however, group revenue declined by 0.8 per cent to NGN...
Dangote Cement sees volumes rise, revenues down in 1Q19
Dangote Cement reported increased volumes of 6.3Mt, up 2.3 per cent YoY, in the first quarter of 2019. However, group revenues slipped 0.8 per cent to NGN240.2bn (US$668m) and g...