After a sharp decline in construction output in Q2, GlobalData forecasts a contraction of 14.3% in 2020 for South Africa.
Africa & The Middle East
As Saudi Arabia’s Red Sea Development Company (TRSDC) prepares to award a further SR3.5 billion (US$933 million) of contracts by the end of the year on its Red Sea Tourism Project, Colin Foreman, Deputy Editor at GlobalData’s MEED, offers his view.
According to Libya’s state news agency LANA, the cement transport ship NS Spirit has arrived at its port, carrying 4 400 tons of bulk cement.
More Africa & The Middle East news
The company has become a partner for the Horizon 2020 project, ‘Project Mof4AIR’, which aims to develop and demonstrate the performances of Metal Organic Framework (MOF)-based carbon capture technologies in power plants and energy intensive industries.
BUA Cement Plc, has announced a 25.1% increase in revenue of N54.0 billion in its financial results for the first quarter ended 31 March 2020.
The six-year agreement will see FLSmidth providing hot kiln alignment services to Dangote kilns in Ethiopia, Tanzania, Zambia, Congo, South Africa, and Nigeria.
The governors of Jigawa and Sokoto States have received ambulances from the BUA Foundation to support the fight against the COVID-19 crisis.