Africa & The Middle East

The Ohorongo Cement plant in Namibia has recently received visits from the Zambian Deputy High Commissioner and the National Housing Enterprise.

Loesche is supporting non-profit organisation Charity: Water, with projects in Asia and Africa.

Qalaa Holdings’ Board of Directors has approved a capital increase of EGP1.7 billion, to be primarily funded through the capitalisation of liabilities resulting from the purchase of additional shares in core subsidiaries. An EGM will now be held to approve the increase in paid-in capital from EGP8 billion to EGP9.7 billion.

Ohorongo Cement, via the Ohorongo Otavi Community Trust, has donated 1250 tubes of sunscreen to help protect Namibian people with albinism from getting skin cancer.

Analysis carried out by Timetric’s Construction Intelligence Centre (CIC) suggests that the rate of growth for the global construction market is accelerating, rising from an annual average of 2.7% in 2011 – 2013 to 3.1% in 2014, with a forecast of 3.8% for this year.

Catch up with the latest news from the global cement industry, from financial results to wind farms and carbon capture media.

Timetric has also put together a list of the countries that it predicts will experience the fastest rate of construction growth between 2016 and 2020.

Share your success stories from the past 12 months by contributing your project news to World Cement’s annual World Review.

Lafarge Africa has agreed to support Shelter Afrique in facilitating access to affordable housing in Nigeria.

EDF Energies Nouvelles is commissioning its first wind farm in South Africa, located at PPC Cement’s Grassridge Quarry in Port Elizabeth.

Oman’s Raysut Cement has reported its financial results for 2014, showing an increase in total revenues but a slight decline in net profit.

BIMCO welcomes news that the Suez Canal Authority won’t increase tolls for 2015, with the exception of LNG ships.

Qalaa Holdings, which owns ASEC Cement, has announced that it has signed a sale and purchase agreement to divest its 80% stake in Cairo-based investment bank Pharos Holding.

The African Development Bank is supporting the launch of the Africa Energy Leaders Group.

According to research by EC Harris, the UAE's construction industry is enjoying resurgence, driven by major projects such as Expo 2020 and spending on social infrastructure.