The company’s results show a 2% growth in sales, reaching US$3.1 billion.
Africa & The Middle East
The company has donated 350 bags of rice and 22 500 facemasks to Okpella, Okpekpe, Ibie and Elele Communities.
The company has announced the successful issuance of NGN 100 billion series 1 fixed rate senior unsecured bonds, due April 2025, under its NGN 300 billion bond programme.
Yanbu Cement Company (YCC) signed an agreement in early 2020 for an efficiency upgrade, focusing on reducing heat and power consumption.
The country’s government is still pursuing investments in the energy market, which is a positive outturn for the construction industry in Egypt, GlobalData reports.
In light of an increased number of COVID-19 cases in the region and a slump in oil prices, GlobalData has cut its construction output growth forecast for the MENA region for 2020 to - 0.8%.
The company is donating equipment including generators, ambulances and critical personal protection equipment (PPE) to help combat the COVID-19 pandemic.
The data and analytics company has revised its construction output growth forecast for Sub-Saharan Africa (SSA) in 2020 to 3.6%, down from the previous projection of 6% (Q4 2019 update).
It has been announced that Vaka Building Materials & Hardware is now a franchisee of Lafarge Cement.
The company has had approvals from its board of directors to access the capital markets for medium-term debt funding.
Reuters has announced that Dangote Cement plans to start exports from its Congo Republic plants to neighbouring states.