Fears Ghana's cement price will climb above GHS60/bag
Ghana's cement price is likely to continue rising and could surpass GHS60/bag (US$9.94) by the end of the year if some taxes and levies are not scrapped, say cement producers. I...
West Africa
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NOCIBE raises cement price
Nouvelle Cimenterie du Bénin (NOCIBE) will increase the price of cement from its plants from 1 September 2021. CEM II 32.5 R cement will cost XOF64,617/t (US$115.96/t), includin...
Dangote Cement announces NGN150bn commercial paper programme
Nigeria’s Dangote Cement has announced a new NGN150bn (US$364.84m) Commercial Paper Programme. The programme is expected to allow the company to broaden its funding sources and,...
Lafarge Africa Plc announces 1H21 group revenues of NGN145m
Lafarge Africa PLC (Holcim group) announced 1H21 group revenue of NGN145m (US$351.9m) with gross profits of NGN48m. In the 2Q21, group revenue reached NGN73.5m and gross profits...
Ghacem plans construction of new 1.5Mta plant
Ghacem is preparing to begin construction for a new 1.5Mta plant in Kumasi, Ashanti region, which will serve the region and its surrounding areas. The MD of the Ghana-based comp...
Dangote Cement sees 45% rise in revenue
Nigeria’s Dangote Cement has posted a 44.8 per cent YoY rise in group revenue to NGN690.55bn (US$1.676bn) in the first half of 2021, compared to NGN476.85bn in the year-ago peri...
New entrants to help meet Nigeria's increasing cement demand
This week Nigeria has caught attention with announcements of new cement capacity. Not only has Dangote Cement cut the tape on its US$1bn cement plant near Okpella in Edo State, ...
Lafarge Africa Plc opts for 52 LNG trucks
At Lafarge Africa Plc (Holcim group) has reaffirmed its commitment towards affordable and clean energy, through the launch of a new set of 52 LNG-fuelled trucks. The implementat...
Senegal demand surges but exports fall in April
The Senegalese cement market expanded by 158.7 per cent in April 2021, according to the Agence Nationale de la Statistique et de la Demographie. However, domestic output decline...
Nigeria to build new 5Mta cement plant in Gombe State
Madugu Cement is set to establish a 5Mta cement factory in Kembu and Kwali districts of Akko and Yalmatu Deba, Gombe State, Nigeria. The plant will be built by Sinoma Internatio...