Skip to main content

Africa & The Middle East

*

Train loadout completed in Ouagadougou

Intercem has completed a new train unloading station at Ouagadougou for Cimfaso, part of Cim Metal Group, in connection with a new cement grinding plant.

Dangote emerges as bidder for PPC

Dangote Cement has launched a rival takeover offer for South African cement maker, PPC, opening up a potential bidding war with Afrisam.


PPC cuts CAPEX forecast

PPC cuts capital expenditure for 2018 – 2020, shoring up its liquidity position, as shareholders consider merger proposal from Afrisam.


PPC-Afrisam merger revived as other bidders circle

PPC has received a proposal from Canadian investment company, Fairfax Africa Investments, that would include its merger Afrisam, as well as two rival bids from unnamed African cement makers.

 

Afrisam promises third bid for PPC

Afrisam has called off negotiations with PPC on a potential merger, but has promised to return with a better offer.


More Africa & The Middle East news