BUA Cement revenue rises by 9.7% in 3M23
Nigerian-based BUA Cement reported a revenue increase of 9.7 per cent to NGN106.9bn (US$232.2m) for the the three-month period ended March 2023 from NGN97bn in 3M22. Operating p...
West Africa
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CIMAF orders polysius® booster mill
To reduce the clinker factor of cement produced in its plant of Ouagadougou, Burkina Faso, Ciments d'Afrique (CIMAF) has entrusted thyssenkrupp Industrial Solutions AG, BU Polys...
Fives to supply Sococim Industries with Novaflam® burner
Fives' double expertise in combustion and cement will be key to help Sococim Industries ( Vicat group ) reach its goal to increase the performance of its new cement plant line i...
BUA Cement's revenue increased by 40% in 2022
BUA Cement Plc of Nigeria reported that revenue increased by 40.3 per cent or NGN103.7bn (US$22 5.3m) in 2022 to NGN361bn from NGN257.3bn in 2021, given the combination of prici...
Dangote Cement opens US$130m commercial paper offer
Dangote Cement is currently raising NGN60bn (US$130.7m) through the issuance of commercial paper, under its NGN150bn commercial paper programme, reports The Nigerian Observer. T...
Lafarge Africa sees net sales improve 27% YoY
Lafarge Africa Plc has reported a 27.3 per cent rise in net sales in FY22 to NGN373.2bn (US$812.9m), compared to NGN293.1bn in FY21. Recurring EBIT over the same timeframe advan...
Dangote Cement's corporate social responsibility work gains recognition
Dangote Cement has scooped a number of awards in Zambia and Senegal in recognition of its corporate social responsibility actions. In Senegal the Conseil National du Patronat (C...
Dangote Cement’s pan-African operations sales fall 8% in FY22
Dangote Cement ’s pan-African operations sold around 10Mt of cement and clinker in 2022, down 8.1 per cent from the 10.9Mt sold in 2021. “This is due to the continuous global su...
Dangote Group posts 17% revenue rise in FY22
Dangote Cement Group announced revenues us 17 per cent to NGN1618.3bn (US$3.51m) in FY22 and EBITDA up 3.5 per cent at NGN708.2bn. Profit after tax increased by 4.9 per cent to ...
IFC invests EUR242m in Sococim Industries
The International Finance Corporation (IFC), the investment arm of the World Bank, has confirmed that it is investing EUR242m in Senegal-based cement producer, Sococim Industrie...