Displaying items by tag: Congo

Cameroon: The Cameroon Minister of Trade Luc-Magloire Mbarga has authorised cement producers and importers to begin importing more cement from Congo and the Democratic Republic of Congo (DRC) in order to combat a local shortage. The Business in Cameroon newspaper has reported that Mbarga said that authorisation will operate temporarily, until high cement prices drop.

In 2021, Cameroon produced 4.5Mt of cement. Its domestic consumption was 4Mt, up by 14% year-on-year from 3.5Mt in 2021.

Nigeria: Dangote Cement sales volumes in the first quarter of 2022 have been hampered by disruptions to gas supplies domestically and by high freight rates restricting its exports of cement and clinker to Cameroon, Ghana and Sierra Leone. Its sales volumes of cement fell by 3.6% year-on-year to 7.25Mt in the first quarter of 2022 from 7.52Mt in the same period in 2021. Its revenue grew by 24% to US$994m from US$801m. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 18.6% to US$508m from US$428m.

Michael Pucheros, the chief executive officer of Dangote Cement, said “Our group volumes were down 3.6% mainly due to energy supply challenges in Nigeria. Our operations relying on cement and clinker imports – namely Ghana, Sierra-Leone, Cameroon - were impacted by the global supply chain challenges.” Additionally, its operations outside of Nigeria was also negatively affected by a cement plant in Congo being shut for over two months due to maintenance and repairs and extended power plant maintenance in Senegal.

Congo: The government has reduced tolls on the transport of cement by road by 50%. The Journal de Brazza newspaper has reported that the government contacted Dangote Cement to encourage it to resume dispatches from its Ndingui cement plant.

Congo: The Société Nouvelle de Ciment du Congo (SONOCC) plans to resume production at its integrated Louteté plant in Bouenza from 31 January 2022. Plant manager II Xingtao made the announcement during a meeting with Antoine Thomas Nicéphore Fylla Saint Eudes, the Minister of Industrial Development and Promotion of the Private Sector, according to the Central African News Agency.

The minister called for the meeting because reportedly only one of the country’s integrated cement plants, FORSPAK Cement, is currently operational. SONOCC blamed the situation on a mechanical breakdown, the coronavirus pandemic and the slow arrival of an order from France. II Xingtao said that SONOCC was hoping to use limestone from Dangote Cement’s plant at Mfila to help alleviate the situation.

Dangote Cement estimated in October 2021 that the total market for cement in Congo was around 667,000t in the first nine months of the year. Its 1.5Mt/yr integrated plant in Mfila sold 357,000t of cement during the period, a rise of 33% year-on-year.

Congo: Nigeria-based Dangote Cement has announced that it will begin shipping cement produced at its 1.5Mt/yr integrated Mfila plant in Bouenza region, Congo, to other African countries.

Reuters News has reported that Dangote Cement’s Nigerian exports fell by 41% to 0.5Mt in 2019 from 0.8Mt in 2018. Dangote Cement CEO Joseph Makoju attributed the flop to the government’s closure of Nigeria’s border with Benin, part of a crackdown on smuggling and the illegal weapons trade.

Namibia: Whale Rock Cement says it plans to start exporting cement to countries in Africa following the accreditation of its Cheetah Cement products with the Namibia Standards Institute and the South African Bureau of Standards. It hopes to send its exports to Mozambique, Congo and Ivory Coast, according to the Namibian Sun newspaper. The cement producer started producing clinker at its 1.2Mt/yr integrated plant near Otjiwarongo in late 2018. Prior to this it was importing clinker from Egypt.

Nigeria: Domestic sales growth drove Dangote Cement’s financial results in 2018. Its local cement sales volumes grew by 11.4% year-on-year to 14.2Mt in 2019 from 12.7Mt in 2018. Sales in the rest of Africa remained stable at 9.4Mt. Sales revenue grew by 11.9% to US$1.71bn in Nigeria and by 9.6% to US$784m in the rest of Africa. Overall revenue grew by 11.9% to US$2.49bn from US$2.23bn. Earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 12.1% to US$1.20bn from US$1.07bn.

“This is a record financial performance by Dangote Cement, driven by a strong increase in our home market, Nigeria, despite heavy rains and uncertainties about the election,” said Joe Makoju, group chief executive officer. He added that, although Pan-African volumes were unchanged in 2018, he was confident that the group would see an increase in 2019, driven by higher volumes in Tanzania, Ethiopia, Congo and Sierra Leone. Elsewhere in Africa the cement producer said that plant shutdowns in Tanzania due to delays to a gas turbine installation, civil unrest in Ethiopia and a reduction of imports from Nigeria to Ghana had reduced its sales.

Republic of Congo: The Congolese Ministry of Industry says that it is ready to inaugurate the Diamond cement plant. The new plant is located in the district of Mindouli, about 200km south of Brazzaville, according to Agence de Presse Africaine. The 0.1Mt/yr unit started production in early 2018 at a cost of around US$100m. The project had previously been delayed by four years due to local security issues. The plant will be the fifth cement plant in the country and will bring local cement production capacity to over 3.0Mt/yr.

Congo: Dangote Cement commissioned its new Mfila plant in the Republic of Congo on 23 November 2017. The 1.5Mt/yr integrated facility, which cost US$300m to construct, will employ around 1000 direct workers and contribute to the creation of many indirect jobs. It is the largest cement plant in the country.

At the inauguration ceremony, Congo’s President Denis Sassou Nguesso said that the construction of the plant marked part of an ‘industrial revolution’ in the Economic Community of Central African States (CEMAC). He said that Congo was happy to host Dangote Cement, which he had observed operating to the benefit of other sub-Saharan African countries. He said that the timing of Dangote’s investment was fortunate as the country needed to diversify its economy in light of falling oil revenues.

The Nigerian President Mohammadu Buhari was represented at the event by a delegation led by the Minister of Mines and Steel Development, Dr Kayode Fayemi. He commended Aliko Dangote for contributing to the economic development of Africa and said that his ‘sterling accomplishment’ made Dangote Cement a ‘worthy ambassador’ of Nigeria.

Congo: Dangote Cement will officially open its 1.5Mt/yr capacity cement plant in Congo on Thursday 23 November 2017. Constructed for around US$500m, the plant is expected to directly employ more than 1000 people, while thousands of indirect jobs will also be created. The plant, which is now the largest in Congo, rolled out its first bag of cement on 7 August 2017. The company's third quarter unaudited results showed that the Congo plant, which recently began operations, has almost doubled cement capacity of the country.

The Congo plant commissioning will bring the number of Dangote Cement’s fully operational plants across Africa to 10. The company is currently active in 17 African countries.