Holcim divests Zambian subsidiary to Huaxin Cement
Holcim has closed the sale of its business in Zambia, representing a 75 per cent stake in the company, to the Chinese cement group Huaxin for an enterprise value of US$150m for ...
Zambia
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Lafarge Zambia reduces cement price by 5-10%
Lafarge Zambia has reduced the price of cement by 5-10 per cent from 30 October 2021. The price reduction was said to be inevitable due to the appreciation of the kwacha against...
Zambia’s cement output up 5% in 2021
Cement production in Zambia in the first half of 2021 increased by five per cent to 1.2Mta, compared to 1.1Mta in 2020, according to data from the Ministry of Mines and Minerals...
Zambezi Portland Cement allows retail purchases direct from plant
Zambia’s Zambezi Portland Cement has allowed the direct retail purchase of cement from its cement plant to reduce price exploitation in the market. The company’s CEO, Gomeli Lit...
Zambezi Portland Cement produces 1.2Mt
Output from Zambia-based Zambezi Portland Cement reached 1.2Mta following the EUR23m capacity expansion project at the Ndola plant, which has seen an extra 100 staff employed. Z...
Zambian cement prices remain high
The prices of different brands of cement in Zambia are still ranging between ZMW135-145 (US$6-6.45) for a 50kg bag, over a month after Competition and Consumer Protection Commis...
Lafarge Zambia posts losses of ZMW12.3m in 1H20
Lafarge Zambia Plc has posted losses of over ZMW12.3m (US$615,000) during its financial half-year period ending 30 June 2020. The company saw increased production costs and the ...
Gypsum availability and dollar prices impact Dangote Zambia's production costs
Dangote Cement Zambia Ltd (DCZL) says the closure of Chambeshi Metals has deprived the company gypsum for cement manufacture. DCZL CFO, Bright Tembo, also said the depreciation ...
Cement prices rise in Malawi
Cement prices in Malawi have reportedly increased by 33 per cent in the past two weeks to MWK8000 (US$10.79) per 50kg bag, with the hike attributed to a shortage, according to T...
Dangote's 1H20 results see 2% revenue growth
Dangote Cement reported group revenue up two per cent to NGN476.9bn (US$1.23bn) in the 1H20. Group EBITDA rose to NGN218.1bn and pan-African EBITDA increased by 31.6 per cent to...