Africa & The Middle East

PPC has agreed a two-year capital repayment moratorium on the project finance loan for its recently-completed cement plant in the Democratic Republic of the Congo.

Ohorongo Cement has donated cement to assist the construction of permanent housing for members of the Shack Dwellers Federation Namibia.

PPC is to remain an independent company, after it rebuffed its final suitor, Swiss multinational, LafargeHolcim.

Canadian company, Fairfax Africa Investments, has withdrawn its offer for a partial stake in PPC, effectively ending the chances of a merger between South Africa’s two largest cement makers, PPC and AfriSam.

Ireland-based building materials multination, CRH, has dropped its interest in acquiring South African cement maker, PPC.

Dangote Cement has partnered with e-commerce platform, Jumia Nigeria, to offer sales of cement online.

Ohorongo Cement has won the Large Enterprises Services of the Year award at Namibia’s Annual National Quality Awards, reflecting its commitment to local production and quality.

Dangote Cement has commissioned its new Mfila cement plant in the Republic of the Congo.

Namibian cement producer, Ohorongo Cement, is to begin using tyre-derived fuels at its Sargberg cement plant.

Boosted by growth in Rwanda and Zimbabwe, as well as improved finance costs, PPC reported positive half-yearly results with a strong rise in net profits.

PPC has rejected a bid by Fairfax Africa Investments for a stake in the cement maker that would also have seen the company merge with rival, Afrisam.

Weak performance in Brazil helped to drag Votorantim’s earnings down year-on-year in 3Q17, despite positive results from elsewhere.

Lafarge Africa Plc has partnered with Canaancity Consortium, which is developing a number of estates in Nigeria, to offer construction-related health and safety training.

CRH has joined the battle for control of South Africa largest cement maker, less than a month after agreeing to take over the largest independent US producer, Ash Grove Cement.

Buzzi Unicem has announced its results for the period ending 30 September 2017.