PPC Zimbabwe warns of US$50m forex loss from cement imports
PPC Zimbabwe has warned that continued cement imports could cost the country US$50m annually in scarce foreign currency. The company's Managing Director, Albert Sigei, highlight...
Zimbabwe
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Zimbabwe considers limestone deposit consolidation amid efforts to reduce cement costs
The government of Zimbabwe is exploring the consolidation of limestone deposits under either the Industrial Development Corporation of Zimbabwe (IDCZ) or the Ministry of Mines a...
PPC cement sales fall in 4M24-25
PPC cement sales declined 4.6 per cent in South Africa and Botswana in the first four months of FY24-25. However, revenue increased by 1.6 per cent YoY, supported by a 5.5 per c...
Local dam to be unaffected by new cement plant
The Zimbabwe National Water Authority (ZIMWA) has needed to dispel concerns over the establishment of a new US$1bn cement plant in Magunje, Zimbabwe would pollute the nearby Kem...
Khayah Cement cites construction boom as an opportunity for growth
Khayah Cement , formerly known as Lafarge Cement Zimbabwe, has forecast that the cement sector is set to grow following a boom in the construction industry, driven by investment...
PPC signs agreement with Sinoma
PPC has signed an agreement with Sinoma Overseas Development Corporation to transform PPC’s operations in South Africa, Zimbabwe and Botswana. According to Engineering News, the...
PPC FY23-24 results bolstered by strong Zimbabwe performance
PPC has reported revenue of ZAR10,058m (US$551.8m) in FY23-24 (ended 31 March 2024), marking a 20.6 per cent increase from ZAR8339m in the same period a year earlier. According ...
Khayah Cement highlights energy challenges
Khayah Cement has said high energy costs along with cheap imports are threatening Zimbabwe’s cement producers, reports AllAfrica. According to the company, although power supply...
PPC Africa predicts 20% YoY increase in earnings
PPC Africa has predicted a 20 per cent increase in earnings for the fiscal year ended 31 March 2024, driven by a strong performance by its Zimbabwe operations. According to The ...
Capex falls behind targets for PPC
PPC has announced that its capital expenditure fell behind targets for the period ending March 2024. This was due to a delay in the company’s fly ash project in Zimbabwe, which ...