Lafarge Africa sees revenue increase 10%
Lafarge Africa has reported a 10.3 per cent YoY increase in revenue to NGN179.88bn (US$464.57m) for the 9M20, against NGN163.1m in the year-ago period. Its profit after tax fro...
West Africa
417 posts · Page 39 of 42
BUA Cement shows 21% surge in revenue
Nigeria’s BUA Cement has shown 21 per cent growth in revenue for the first nine months of 2020, rising to NGN156.55bn (US$412.05m) from NGN129.43bn in the 9M19. Profit after ta...
Dangote's IPO on LSE not expected until 2023
Nigeria’s Dangote Cement is not expected to attempt an initial public offering on the London Stock Exchange until at least 2023, according to News 24. "The London listing is ...
Supplying Cimco’s new plant
Earlier this year, Intercem and CimMetal Group signed an agreement for their fourth collaboration in west Africa, this time for a new 2.5Mta cement grinding plant in Togo. Unde...
Côte d’Ivoire: year of uncertainty
With COVID-19 affecting economic activity throughout sub-Saharan Africa, the cement market in Côte d’Ivoire faces a particularly uncertain year as presidential elections and a ...
Supacem opens doors to Ghana's armed forces
Ghana's armed forces have been given a special a tour of the Supacem cement factory in Tema, Ghana. The army was visiting the facility after the cement company donated 850 bags...
BUA Cement appoints new CFO
Nigeria's BUA Cement has appointed Jacques Piekarski as its new chief financial officer, effective 2 October 2020. Abdul Samad Rabiu, chairman, stated: "The board is confide...
Empire Cement Packaging plans affordable cement for Ghanaians
Empire Cement Packaging Ltd has acquired 18.74 acres of land in Weija, Ghana, to establish the company under the One District One Factory initiative. The company has reiterated...
CimCo to receive loan for Togo project
Cimenterie de Côte Ouest-Africaine (CimCo) is expected to receive a XOF20bn (US$35.62m) loan from the West African Development Bank (BOAD) for its project in Lomé, Togo. The lo...
The last iceman in west Africa
Dr Michael Clark takes a look at the history of the cement industries in Côte d’Ivoire, Burkina Faso and Togo, which have each seen an influx of new capacity surplus to demand....