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Dangote withdraws PPC offer

By: Natasha Odendaal     6th October 2017 Nigerian cement maker Dangote Cement has withdrawn its nonbinding expression of interest for the acquisition of South African cement producer PPC. In September, Dangote proposed a combination of the two companies. 

South Africa's AfriSam says merger offer for PPC 'fair'

By: Reuters     20th September 2017 South African cement maker AfriSam said on Wednesday a merger proposal valuing its rival PPC at $700-million was fair, suggesting it has no intention of sweetening its offer. Shares in PPC dropped 2.52% to R6.19 at 1314 GMT, but still well above a R5.75 per share valuation in AfriSam's proposal... 

Sephaku lifts volumes in highly competitive cement market

By: Ilan Solomons     14th July 2017 JSE-listed minerals exploration, development and investment company Sephaku Holdings’ (SepHold’s) net profit increased by 12.8% year-on-year to to R68.1-million for the year ended March 31, despite its revenue having decreased to R839.9-million on the back of lower prices and reduced demand in... 

Sephaku lifts FY17 profit despite challenging economic environment

By: Ilan Solomons     30th June 2017 JSE-listed minerals exploration, development and investment company Sephaku Holdings’ (SepHold’s) net profit increased by 12.8% year-on-year to to R68.1-million for the year ended March 31, despite its revenue having decreased to R839.9-million on the back of lower prices and reduced demand in... 

Africa's richest man may quit Ethiopia over mining dispute

By: Bloomberg     23rd June 2017 Dangote Cement, controlled by Africa’s richest man, Aliko Dangote, said it may shut its operations in Ethiopia if authorities in the central state of Oromia don’t reverse an order to cement makers to hand over control of some parts of their businesses to local young people. Oromia state’s East... 

Tanzanian ore export ban unlikely to be implemented – BMI

By: Megan van Wyngaardt     16th March 2017 Recent policies aimed at bolstering fiscal revenues, and a crackdown on tax evasion by the Tanzanian government, will increase investor uncertainty across various sectors and have a direct negative impact on the country's future growth, BMI Research's Africa Country Risk team said on Thursday.... 

Cement Dust Solutions for Africa

     3rd March 2017 Despite the slow economic growth of recent months, infrastructure development continues to fuel the demand for cement in many African countries. However, the cement industry is also responsible for an estimated 5% of the world’s greenhouse gases released into the atmosphere. With sustainability... 

Dangote eyes aggressive market share gains

By: Natasha Odendaal     13th June 2016 Cement producer Dangote Cement is aggressively targeting 60% market share in all countries where it operates as it cuts prices, doubles its production and expands it geographic footprint over the next three years, positioning itself to benefit from the 6.1% cement demand growth expected from... 

Dangote to nearly double production capacity across Africa in next three years

By: Reuters     26th April 2016 Dangote Cement, Nigeria's biggest listed company, said it aims to nearly double its production capacity over the next three years and half of its output by the end of 2019 will come from African plants outside its home market. The company, majority owned by billionaire Aliko Dangote and Africa's... 

Lafarge Africa offers to buy out minority shareholders in Ashaka Cement

By: Reuters     8th December 2014 Lafarge Africa will make an offer on Wednesday worth about $122-million to buy out minority shareholders in its Nigerian business Ashaka Cement. The offer follows the $1.35-billion merger of Lafarge Africa's Nigerian and South African businesses, which received approval from shareholders in July. 

PIC to invest billions in Africa

By: Sapa     2nd October 2014 The Public Investment Corporation (PIC) is to sink $1-billion into African investments and equities, according to Finance Minister Nhlanhla Nene. "The PIC will, in the new financial year, also focus on developmental investments in Africa, with a minimum commitment of $500-million... and a further... 

Lafarge Nigeria gets approval to merge South African, Nigerian units

By: Reuters     10th July 2014 Shareholders in Lafarge Wapco , the Nigerian unit of French cement maker Lafarge , on Wednesday approved a $1.35-billion deal combining its Nigerian businesses with Lafarge's wholly-owned South African subsidiary. Olusegun Osunkeye, chairman of Lafarge Wapco told shareholders at a meeting the... 

Where there is a future, there is cement

By: sue charlton     1st November 2013 Clinker producer Sephaku Cement reports that the first of its new cement projects, in Delmas, Mpumalanga, will open in January 2014. Sephaku Cement was established in 2006 after its founding shareholder, Sephaku Holdings, secured limestone resources and injected the initial seed capital required... 

Dangote Cement unveils $400m Kenya investment

By: John Muchira     20th September 2013 Pan-African company Dangote Cement has announced plans for a $400-million, two-million-ton-a-year cement plant in Kenya. The company is part of the Dangote group, owned by Africa's richest man, Aliko Dangote, who says of the planned investment: “We have realised that, if we really want to do... 

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