Market News
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Tanzania: Cement Firms Propose Increased Dividends
Posted on :Thursday , 14th April 2016
Dar es Salaam — Investors with Tanzania's two listed cement manufacturing firms are rubbing their hands in glee as the companies' boards of directors propose increased dividend payments from 2015 proceeds despite facing bitter competition from new markets entrants.
The board of directors for Tanzania Portland Cement Company Limited (trading as Twiga) has propo. . .Roadworks Estimated at Shs13 Billion Begin in Uganda
Posted on :Tuesday , 12th April 2016
Kabale — Prime Minister Ruhakana Rugunda has cautioned contractors not to delay completion of government projects, especially in the road sector.
Dr Rugunda, who was last Friday presiding over a ground-breaking ceremony for the construction and tarmacking of three feeder roads in Kabale Municipality, said delayed government projects not only increase the cost . . .Cement Firms Eye Construction Boom in East Africa
Posted on :Monday , 11th April 2016
Mombasa Cement Ltd plans to invest Ksh7.3 billion ($73 million) to expand the factory's production capacity.
The company is eyeing the market created by construction boom in East Africa and other countries in the larger region.The investment in a new clinker and cement unit is expected to ease pressure on prices, which dropped to $7 p. . .Nigeria: Govt to Start Work On 31 Major Roads Soon
Posted on :Saturday , 9th April 2016
Lagos — Vice President Yemi Osinbajo says the Federal Government will soon commence work on 31 major roads across the country in its drive to develop infrastructure and grow the economy.
The vice president stressed the need for collaboration among states of the federation in order to stimulate the economy, just as he attributed the country's economic woes to o. . .Cote d'Ivoire: Dangote Constructs U.S.$200 Million Cement Plant
Posted on :Saturday , 9th April 2016
Lagos — Dangote Cement Plc is deepening its pan African expansion drive with the commencement of construction of a new 3-million metric ton per annum capacity cement grinding plant in Cote d'Ivoire.
The new project is coming just as the company announced the ground breaking of a new 6-million metric ton per annum Greenfield cement plant in Okpella, Edo state a. . .Please Select an Option
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