Africa & The Middle East - 06 September 2016

Dangote Cement has raised the price of cement in Nigeria after a devaluation in the naira and disruptions to its natural-gas supply.

Growth expectations for global GDP have come down by 0.1 percentage point for both 2016 and 2017.

Severe overcapacity in the market and recently agreed contract rates on the transpacific trade lanes keeps pressure high on the liner companies.

Magotteaux has signed a significant contract for the supply of two full cement lines.