Dangote news

Dangote Cement PLC, Africa’s largest cement producer, has announced unaudited results for the nine months ended 30 September 2022.

The company's Nigerian business recorded volume growth of 33.2% in H1 2021 at 9.9Mt, with a record EBITDA of ?311.2B, up 60.1%.

The six-year agreement will see FLSmidth providing hot kiln alignment services to Dangote kilns in Ethiopia, Tanzania, Zambia, Congo, South Africa, and Nigeria.

The company's sales from Nigeria rose 5.6% to 179.3 billion naira, Bloomberg reports.

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.

The company has had approvals from its board of directors to access the capital markets for medium-term debt funding.

According to Reuters, Nigerian industrial conglomerate, Dangote Group, has signed deals to make phosphate into fertiliser and build a cement factory in Togo, the small West African country.

Dangote Cement PLC, Africa’s largest cement producer, has announced unaudited results for the three months ended 31 March 2019.

The Ethiopian cement industry grew strongly between 2013 and 2018, seeing the country become a net exporter of the building material, after years as a net importer.

AUMUND is to supply Dangote Cement with conveying and storage technology.