Market News
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Tanzanian cement output expected to double
Posted on :Tuesday , 6th January 2015
Tanzania expects to double its cement output over the next few years according to a report by the Daily News.
The news agency reported that Tanzanian Deputy Minister for Industry and Trade, Janet Mbene expects the country’s annual cement production to rise to 6 million tonnes with the future opening of seven new factories.According to the article cement consumption . . .Xinhai Mining Machinery bags order worth 10 Million USD in Tanzania
Posted on :Friday , 26th December 2014
In September 2nd, Yantai Xinhai Mining Machinery Co., Ltd. and a Tanzania state-owned mine reached cooperative intent, and signed the contract -----"EPCM Mines Service" in Dar Es Salaam the capital of Tanzania. The cooperation ranged over four fields, exploration, mining, ore dressing and smelting. The EPCM service covered the process design, engineering design, equipment manufacturin. . .
Rwanda: More Investors Commit to Boosting Exports
Posted on :Tuesday , 23rd December 2014
Eight more companies have signed agreements with government committing to increase production and scale up exports.The companies are in the mining and manufacturing sectors and include Rwanda Plastic Industries, Rwanda Allied Partners, Minimex, Demikaru Ltd, E. . .
Lafarge Africa Set to Buy-Out Minorities in Ashaka Cement
Posted on :Thursday , 11th December 2014
Lafarge Africa, the Nigerian unit of the French cement maker, Lafarge, is poised to make a cash offer valued at about $122 million to buy-out minority shareholders in its Nigerian business, Ashaka Cement, it emerged on Tuesday.
According to Reuters, the bid comes shortly after the $1.35 billion union of Lafarge Africa’s Nigerian and South African businesses, w. . .ARM Cement to increase investments in East Africa
Posted on :Wednesday , 10th December 2014
East African cement maker ARM Cement has announced an increase in investments across the region as the demand for cement continues to rise.
A statement from the company revealed that ARM Cement will complete some pending projects this year, and begin new ones in 2015.The company, which has plants in Kaloleni and Athi River in Kenya, as well as D. . .Please Select an Option
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