Dangote defends Nigerian cement prices
Dangote Group’s Executive Director, Devakumar Edwin, has confirmed that its ex-factory price for bagged cement in Nigeria is between NGN2450 (US$6.43) in Obajana and Gboko and N...
West Africa
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Sacko Holding to build new plant in Mali
Sacko Holding SA, a private Mali-based company, has finalised the funding of a US$300m cement plant in Bema, 30km from Diéma on the Noro du Sahel road, Mali. The company has als...
BUA Cement sees 19% rise in profit
Nigeria’s BUA Cement has reported a 19.4 per cent rise in profit after tax to NGN72.3bn (US$189.5m) for 2020, compared to NGN60.6bn in the previous year. Revenue also advanced 1...
Lafarge Africa reports 99% growth in FY20
Lafarge Africa Plc has declared a 98.8 per cent YoY growth in profit to NGN30.8bn (US$788.7m) for the FY20, compared to NGN15.5bn reported in FY19. The growth is linked to the c...
Cement prices rise in Ghana
Cement prices in Tamale, Ghana, have risen amid reports of a cement shortage, according to Ghana News Agency. Ghacem and Dangote Cement brands are being sold at GHS50 (US$8.68)/...
Dangote Cement records strong pan-African cement volumes in FY20
Dangote Cement's regional performance in FY20 saw its domestic market of Nigeria return volumes of 15.73Mt, a rise of 11.5 per cent on the 14.11Mt recorded in FY19. Cement and c...
Dangote Cement Group reports FY20 revenues of NGN1034.2bn
Dangote Cement Plc has released its FY20 results, reporting group revenue up 16 per cent to NGN1034.2bn (US$2718.1bn) when compared with FY19. Group EBITDA totalled NGN71.3bn, u...
Dangote Cement confirms appointment of CFO
Nigeria’s Dangote Cement has confirmed the appointment of Guillaume Moyen as chief financial officer, with effect from 18 March 2021. Mr Moyen joined Dangote Cement in February ...
Senegalese cement output up 9% in December 2020
The production of cement in Senegal has advanced 8.9 per cent MoM in December 2020. However, domestic cement sales have slipped by 0.1 per cent while exports were down 9.2 per c...
Togo's new 2.5Mta plant to open next September
CimMetal has provided an update for its 2.5Mta new plant project in Togo. Preliminary works related to construction are now 65 per cent complete and the plant is expected to ope...