Ghana’s cement producers not benefitting from power relief
Following Ghanaian President Akufo-Addo’s announcement of the introduction of a relief on electricity to support individuals and businesses, cement producers and steel companies...
West Africa
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Senegal sees contraction in cement sector
Cement exports from Senegal have fallen by 42.3 per cent MoM in March 2020 while domestic sales slipped by 0.5 per cent, according to ANSD, the national agency for statistics an...
Final acceptance certificate issued for Edo Cement second line
On 4 June, the final acceptance certificate (FAC) was issued from BUA Group to the EPC Contractor CBMI Construction, the core member of Sinoma International, for EDO Cement's se...
BUA Cement posts 25.1% rise in revenue
BUA Cement has announced a 25.1 per cent YoY increase in revenue to NGN54bn (US$139.3m) in its financial results for the 1Q20. Profit before tax increased by 15.7 per cent YoY f...
African cement escapes the pandemic; structural issues remain
Cemtech's latest webinar discussed Africa's cement sector and the impact of COVID-19 on the continent. Tony Hadley of consultancy THAA, and Erkam Kocakerim, CEO of Limak Afrika ...
FLSmidth wins kiln alignment order from Dangote Cement
FLSmidth has entered into a frame agreement with the African conglomerate Dangote Industries to provide hot kiln alignment services to 16 Dangote kilns located in Africa. The si...
Dangote Cement sees 2% advance in 1Q EBITDA
Dangote Cement Plc reported a 3.8 per cent YoY increase in group revenue to NGN249.2bn (US$638.2m) for the first quarter of 2020 in its unaudited results for the three months en...
BUA Cement reports 48% rise in revenue in 2019
Nigeria’s BUA Cement has reported a 47.5 per cent rise in revenue to NGN175.52bn (US$452.35m) for 2019, compared to NGN119.01bn in the previous year. EBITDA also surged 47.2 per...
Lafarge Africa sees net profit rise 157% in 1Q20
Lafarge Africa has reported a 9.8 per cent increase in net sales to NGN63.97bn (US$178.93m) in its unaudited results for the first quarter of 2020, compared to NGN58.02bn in the...
Ghana's cement manufacturers form association
Several of Ghana's leading cement manufacturers have formed the Cement Manufacturers Association of Ghana (CMAG) to protect and accelerate the development of the industry, accor...