Norfund invests in Continental Blue Investments Ghana
Norfund, the Norwegian investment fund for developing countries, has made a US$7.5m investment in Continental Blue Investments Ghana Ltd (CBI) to support the company’s drive to ...
West Africa
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BUA sees jump in profit following new plant
BUA Cement increased sales in the 1Q22 by 58.5 per cent to NGN97bn (US$233.4m) following the commissioning of its new 3Mta Kalambaina Line 4 . Other income surged seven times to...
Lafarge (Wapco) Cement Plc records profit of NGN17.55bn in 1Q22
Nigeria’s third-largest cement producer, Lafarge (Wapco) Cement Plc , has released its 1Q22 unaudited results reporting a profit of NGN17.55bn (US$42.2m) during the period, repr...
Senegalese cement sales see 6% upturn in January
In January 2022 Senegal’s cement market expanded 8.9 per cent when compared with December 2021 and 6.2 per cent when compared with January 2021, says the country’s National Agen...
Empire Cement Ghana denies producing cement without a permit
Empire Cement Ghana Ltd, located at Weija, in Accra, Ghana, allegedly been producing and distributing cement without authorisation according to rival local cement manufacturers....
FLSmidth to supply World's largest calcined clay installation
FLSmidth has won an order to supply CBI Ghana Ltd’s cement plant outside of Accra in southern Ghana with the world’s largest clay calcination installation. The facility will inc...
Benin government fixes new retail prices
To avoid significant market speculation around the price of cement, the Benin government set the retail price of cement by department on 23 March 2022. The price of cement is ca...
BUA Cement fire results in loss of three lives
The management of BUA Cement PLC at the weekend announced a fire incident that occurred at a diesel storage tank farm situated in the vicinity of one of its plants in Sokoto . T...
Ghana to look at regulating cement industry
Ghana’s Ministry of Trade and Industry has announced plans to set up a committee to advance the drafting of policies to regulate the country’s cement industry, according to loca...
Dangote: powerhouse of Africa and Nigeria
Through the use of financial ratio analysis, this month’s Technical Forum examines how Dangote Cement – the powerhouse of Africa and Nigeria – has managed to achieve a strong an...