Cement News tagged under: Central Africa
BDEAC funds expansion of EGIN SA's cement production in Cameroon11 October 2024, Published under Cement NewsThe Development Bank of the Central African States (BDEAC) has announced in its 2023 annual report that it is financing the expansion of Entreprise Générale Industrielle SA (EGIN SA) , a key Cameroonian cement manufacturer. The project will increase EGIN SA's production capacity at its Douala plant from 200,000-500,000tpa. This expansion, valued at XAF 19bn (US$31.7m), will help meet the growing demand for high-quality cement in the Cameroonian market. This marks Bdeac’s second financ... |
Kinshasa cement prices surge on cement shortage27 September 2024, Published under Cement NewsA lack of supply is driving up cement prices in Kinshasa, Democratic Republic of Congo. The price of a 50kg bag of grey cement has increased to XAF40,000 (US$67.91), up from XAF33,000. The Ministry of National Economy has attributed the price rise to the scarcity of the product on the capital’s market due to the strike of truck drivers serving the RN1 road from Kinshasa and Matadi. Deputy Prime Minister and Minister of National Economy, Mukoko Samba, has warned cement distributors not to... |
Mangesh Verma appointed as CEO of Cimerwa20 August 2024, Published under Cement NewsCimerwa Plc, Rwanda’s largest cement producer, has announced the appointment of Mangesh Verma as its new CEO. Mr Verma is a former general manager of commercial and operations at Kenya-based milling company, United Millers Ltd. He will succeed James Oduor. |
Dry season drives DRC price drop15 August 2024, Published under Cement NewsThe price of grey cement in Mbuji-Mayi, Kasai-Oriental province, Democratic Republic of Congo, dropped from US$30/bag to US$22-23/bag. The drop has been attributed to an abundant supply during the dry season. Several depots in Meiji-Mayi are flooded with bags of grey cement from Kinshasa, Likasi (Haut-Katanga) and Kolwezi (Lualaba). Trucks have been taking advantage of the dry season while transportation by ship from Kinshasa to Ndomba, Kabeya-Kamwanga, via Lusambo in Sankuru province. ... |
CIMERWA Plc acquires Prime Cement Ltd24 July 2024, Published under Cement NewsCement producer CIMERWA Plc has completed the purchase of Prime Cement Ltd. CIMERWA sent a notice to the Rwanda Stock Exchange (RSE) informing the regulator that it had finalised the acquisition on 18 July 2024. CIMERWA stated that the purchase of Prime Cement’s assets was an ‘off-market transaction’. This suggests the company negotiated a private deal with Prime Cement directly. A statement signed by CIMERWA’s Executive Director, Rajasekhar Naidu, announced, “Under this agreement, C... |
Congolese government raises cement price06 February 2024, Published under Cement NewsFollowing requests from domestic cement producers, the government of the Republic of Congo has increased the prices of wholesale cement per tonne and retail cement per 50kg bag. The price of cement has increased by more than 50 per cent compared to the approved price as production costs have soared. Type 42.5N cement is now sold in Brazzaville at XAF90,000/t (US$147.78/t) and XAF4900/50kg bag. In Pointe-Noire the price is XAF88,000/t and XAF4700/bag. In certain parts of the country, such a... |
Congo's Tao-Tao plant project 45% completed18 April 2023, Published under Cement NewsWork on the new Tao-Tao cement plant in the Niari department of Republic of Congo has been 45 per cent completed, according to Les Echos du Congo Brazzaville. The second plant in the Niari region is expected to come online in 2024, following an agreement between the Congolese and Indian governments. Earlier, the company announced the construction of a 1.8Mta plant in Mafoubou. The new plant will have a cement capacity of 0.6Mta and enable the country to increase its production of cement. |
Gabon government issues cement price list24 February 2023, Published under Cement NewsGabon’s government has published a price list for cement bags, fixing the price of cement in accordance with the decree signed on 17 February by the Minister in State in charge of Industrial Development, and their colleagues in Economy and Commerce. Order No 0001-23 sets the selling prices per tonne and per bag of CEM II 32.5 and CEM II 42.5 for delivery ex-factory, distributors and retails in all provincial capitals of Gabon. In Akanda, north of Libreville, CEM II 32.5 and CEM II 42.5 ex-... |
Dangote sees revenue advance 15% YoY in 9M2201 November 2022, Published under Cement NewsDangote Cement has reported group revenue of NGN1177.3bn (US$2.68bn) in the first nine months of 2022, up 15.2 per cent YoY. Group EBITDA over the same period advanced by 0.2 per cent to NGN515.9bn, with an EBITDA margin of 43.8 per cent. Profit after tax fell 23.4 per cent YoY to NGN213.1bn, mainly due to exchange losses from the depreciation in the CFA and cede. Group sales volumes in the 9M22 came in at 20.8Mt, down 6.2 per cent YoY. “To mitigate the impact of significant increase in ... |
CIMAF Gabon to build clinker factory in Meba20 September 2022, Published under Cement NewsCIMAF Gabon is establishing a clinker factory in the Meba area of Gabon, 40km east of the capital. CIMAF’s project was announced at the prime minister's office on 13 September, with the signing of an investment agreement between the leaders of CIMAF and the Gabonese authorities. No further details were given at the time. The Moroccan owned company currently operates a 0.85Mta grinding plant in Libreville. |