Market News

ADDIS ABABA, Ethiopia - Industrial Projects Service (IPS), a state-owned consultant has won a contract from Messebo Cement to conduct an assessment of the cement market around Addis Ababa.    According to a statement it wants to explore the feasibility of opening a grinding plant where s . . .

Rwanda's only cement manufacturer CIMERWA Ltd, yesterday, unveiled a new plant expected to increase production and boost export revenues.   The new state-of-the-art plant in Muganza Sector, Rusizi District, was inaugurated by the Prime Minister, Anastase Murekezi.   The factory, worth . . .

 Ethiopia geothermal power generation is set to grow after the country signed a power purchase agreement with Berkley Energy which is a Kenyan linked company that will see 1,000MW of energy being generated.   The signing was done by Azeb Asnake, CEO of Ethiopian Electric Power (EEP) and . . .

 Caterpillar has introduced the new F2-series range of machines – 422F2, 428F2, 432F2, 434F2 and 444F2 for the Middle East and Africa markets Depending on the model, engine-power choices include 56.5 kW (76.8 hp), 68.5 kW (93hp), 70 kW (95 hp), or 74.5 kW (101 hp) configurations. There&r . . .

 Nigerian businessman Aliko Dangote has announced plans to expand his company’s 1.5mn metric tonnes per annum (mmtpa) cement operations in Cameroon   In a meeting with Cameroon’s Prime Minister Philemon Yang, Dangote revealed that Dangote Cement is commissioning another cemen . . .