Dzata Cement calls for raw material VAT waiver
Ghana-based Dzata Cement has urged the government to grant waivers on VAT charged on cement raw materials. According to the Managing Director of Dzata Cement, Nana Phillip Arche...
West Africa
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Ghana raises cement prices
Cement prices in Ghana have risen to GHS73/50kg bag (US$7.30/50kg bag) as producers are forced to hike up prices due to the depreciation of the cedi. The resulting increase in r...
What's driving Nigerian cement demand?
BUA Cement announced this week that it would seek finance from the International Finance Corp (IFC) for a 6Mta cement expansion of its Sokoto cement plant in Kalambaina, Nigeria...
BUA Cement looks to finance 6Mta expansion project
BUA Cement is in talks with US-based International Finance Corporation (IFC) to raise funds through a loan to expand its cement facility, the company said in a statement to the ...
Fuel and power costs soar in Nigeria
Dangote Cement and BUA Cement spent a combined NGN173.54bn (US$413.8m) on fuel and power in the first half of 2022, up 38.3 per cent on the same period a year earlier. Fuel and ...
BUA Cement achieves net revenue of NGN188.6bn in 1H22
BUA Cement reported net revenue in the 1H22 up 51.7 per cent to NGN188.6bn from NGN124.3bn (US$452m), compared to the corresponding period ended June 2021. This included added v...
Cimtogo increases delivery prices
From August, HeidelbergCement -owned Cimtogo will increase its delivery costs. "The commercial management has decided to revise upwards the delivery prices of our products throu...
Dangote Cement's revenue rises 17% to NGN808bn in 1H22
Dangote Cement reported group revenue of NGN808bn (US$1.942bn) in the 1H22, a rise of 17 per cent YoY. Group EBITDA rose by 6.3 per cent to NGN373.2bn and profit after tax fell ...
BUA to expand Kalambaina plant
BUA Cement is reportedly in talks with the International Finance Corporation (IFC) over a loan to expand its integrated cement plant in Kalambaina, Sokoto State, Nigeria. Accord...
BUA approves dividend and sets 2023 deadline for current expansion projects
BUA Cement Plc shareholders have approved dividends of NGN88.047bn (US$96.3m) for the financial year ended 31 December 2021 at NGN2.60k per ordinary share of 50k each. This appr...