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...
West Africa
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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...
Dangote opens mega warehouse in Nigeria
Dangote Cement Co has inaugurated its mega warehouse in Imo State, Nigeria. The warehouse was officially opened by Governor Rochas Okorocha and the president of Dangote Group, A...
Ibeto Cement signs deal to receive US$850m in funding
Nigeria’s Ibeto Cement Co Ltd has signed a deal to receive US$850m in financing from Milost Global Inc, according to the New York-based private equity firm. The binding agreemen...
LafargeHolcim Algérie targets 5Mt of exports to west Africa
Following its first export shipment of cement to Gambia in December 2017, LafargeHolcim Algérie plans to export 5Mt of cement to west Africa by 2020, according to Serge Dubois, ...
Guinée Industries Ciments selects KHD’s COMFLEX technology
Guinée Industries Ciments (GIC) awarded KHD Humboldt Wedag a new contract to upgrade its cement grinding plant located in the capital city Conakry, Guinea. GIC will integrate a ...
Lafarge Algeria to export clinker from 2018
Lafarge Algeria is preparing to export grey clinker from its local plants from 2018. The group already exports white cement from its Oggaz plants in the Mascara wilaya.
West Africa powers up Premium
West Africa’s booming population and economic development are expected to fuel cement consumption in the long term and the region’s prospects look bright. However, as the region...
Dangote Cement appoints two regional CEOs
Dangote Cement has appointed two new Regional Chief Executive Officers (RCEOs) to lead its Nigeria and West and Central Africa divisions. Arvind Pathak has been named the new RC...