Cement News tagged under: Eastern Africa
Savannah Clinker Ltd outbids Amsons Group to acquire Bamburi Cement29 August 2024, Published under Cement NewsSavannah Clinker Ltd (SCL), a Kenya-based construction materials company, has outbid Amsons Group to acquire full ownership of Bamburi Cement . On 28 August SCL announced that it had bid TZS25.4bn (US$9.36m) for up to 100 per cent of the issued ordinary shares in the cement producer. Prior to this offer, Tanzanian conglomerate Amsons Group had led the bidding with an offer of TZS23bn. If the deal goes through, SCL will purchase 362.96m of Bamburi-issued shares at a value of TZS70 each... |
West International Holdings Ltd begins construction of Buikwe cement plant13 August 2024, Published under Cement NewsThe construction of a new UGX730m (US$196,180.8m) cement factory has begun on a 50-acre (20.2ha) plot in the Buikwe district of Uganda. Chinese-owned West International Holdings Ltd will invest UGX730m in Kavule Cell, Buzika ‘B’ Ward, Njeru Municipality, after a similar investment in the Karamoja sub-region, according to Group Director, Ambrose Byona, on 10 August. Mr Byona explained that the reason for establishing the unit in the Moroto District, which is expected to be commissioned ... |
PPC seeking buyers for CIMERWA stake21 March 2023, Published under Cement NewsSouth Africa-based PPC is looking to sell its shareholding in Rwandan cement producer CIMERWA . “PPC is selling its 51 per cent stake in CIMERWA and the government will discuss if it is able to buy the stake,” Rwanda Development Board CEO, Clare Akamanzi told a news agency. “PPC is looking for buyers.” A sale of its stake in CIMERWA would enable PPC to focus more on its South African core operations and further reduce debt. CIMERWA operates a 0.6Mta integrated cement plant in Bugar... |
Cement price in Mauritius now set by authorities06 March 2023, Published under Cement NewsIn Mauritius a 25kg bag of cement will now cost between MUR158-175 (US$3.39-3.76), depending on the location on the island, following an amendment to the Consumer Protection Regulation (Control of Price of Taxable and Non-Taxable Goods) 1998 legislation. The act allows the Ministry of Commerce to determine the maximum selling price for cement to prevent any potential increase affecting consumers, according to Le Mauricien. In addition, the State Trading Corp is also considering ways to int... |
Clinker shortage result in surge in Mozambique prices17 September 2021, Published under Cement NewsDue to a shortage in clinker supply, prices of cement in Cabo Delgado, Mozambique, have surged. Retail prices of cement are now priced at MZM700-800/50kg, up from MZM500-520/bag. The lack of clinker is caused by challenges in maritime navigation, which has impacted clinker imports in Cabo Delgado and northern Mozambique, according to Club of Mozambique. The clinker shortage has led to the 30-day closure of Fabrica de Cimentos de Cabo Delgado’s 0.25Mta grinding plant in Metuge district, w... |
Page
1
of
1
1