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Zimbabwe relaxed import rules on cement this week in a bid to bring down prices. This follows a high-profile visit earlier in November 2025 by Aliko Dangote with US$1bn investment plans including a new cement plant. Here’s what’s been happening.

Deputy Minister of Industry and Commerce, Raj Modi, announced this week that the government was aware of price issues and was taking measures to fix it. This has included issuing licences to import around 0.15Mt of cement from October 2025 onwards. He commented that there was a backlog of cement at the border. He noted that the country has a shortage of clinker with only PPC currently manufacturing it. Local media reports that the price of cement rose by 42% in October and November 2025. This has been attributed to a local construction boom, limited local production, and constrained imports. Subsequently, vendors have run out of stock.

South Africa-based PPC has certainly done well out of the situation. Its revenue for the six months to September 2025 rose by 23% year-on-year from US$89.4m to US$110m. This was attributed to a 25% increase in sales volumes. It was also achieved despite a prolonged shutdown period at its integrated Colleen Baw plant in the first quarter of its financial year. Earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 11% to US$25.9m from US$23.3m.

Import bans on cement in Zimbabwe have come and gone over the last couple of decades alongside the country’s wider economic issues in response to international sanctions. Zimbabwe is land-locked but it also shares a border with South Africa, a larger cement producer. The government implemented an import ban in 2021, prices have surged periodically and remedial actions, such as large-scale licence approvals, have been taken on occasion. An additional 30% surcharge on cement imports was introduced in May 2025.

The country clearly needs more local producers and Nigeria’s Aliko Dangote flew to the rescue on 12 November 2025 to sign a memorandum of understanding with President Emmerson Mnangagwa. Details are light on the US$1bn investment deal, but it includes a 1.5Mt/yr cement plant, power generation and a 2000km fuel pipeline from Walvis Bay in Namibia that will reportedly run through Botswana. Dangote was previously in talks with the Mugabe regime in the mid-2010s but talks did not progress.

However, other plant projects are already on the way. In late October 2025 local press reported that the China-based 0.8Mt.yr Chegutu cement plant was over half-way complete. Production at the site is scheduled to start in early 2026. The WIH-Zim Cement plant is also being built at Magunje. This one has reported cement and clinker production capacities of 1.2Mt/yr and 1.8Mt/yr. Unfortunately, the local Environmental Management Agency (EMA) ordered the project to stop construction in August 2025 after inspectors found violations of Environmental Impact Assessment (EIA) conditions, including failure to compensate displaced households. Further legal action has followed. This project is backed by Labenmon Investments, another China-based investment firm. Unfortunately, that company also popped up in the sector news this week in connection to a bribery scandal connected to an apparently separate grinding plant project in Bulawayo, according to the Herald newspaper. Two other unconnected and smaller grinding plants, JainQiang Cement and Zimsonc Industries, also reportedly started production making blended products in Hwange in mid-2025.

Of the existing cement producers, Khayah Cement entered into ‘corporate rescue proceedings’ in late December 2024, blaming international economic sanctions for causing an ‘untenable’ business environment. A public tendering process to find investors was announced by the former Lafarge subsidiary in May 2025. A US$60m rescue package from Uganda-based Hima Cement was approved by creditors and shareholders in September 2025. This includes refurbishing the company’s Harare plant. The country’s other local clinker manufacturer, Sino Zimbabwe, reportedly also restarted production in late November 2025.

The general economy in Zimbabwe was on track for a forecast 6% annual growth in July 2025 due to the agricultural sector and strong commodity prices. The International Monetary Fund (IMF) reiterated this view in November 2025, singling out easing inflation amid exchange rate stability [LINK]. Quite possibly this has also benefitted the construction sector too, leading to the current issues with imports. In this setting, Aliko Dangote’s investment plans are a serious vote of confidence for both the cement sector and the wider business environment.

India: Ambuja Cements has appointed Rohit Soni as its chief financial officer (CFO). He succeeds Rakesh Tiwary in the post.

Soni was previously working as the CFO at Adani New Industries since early 2024. Before this, he was the CFO at Adani Energy Solutions from mid-2021. He has also held positions with Vedanta Group, including Chief Procurement Officer and as CFO for various subsidiaries. Soni is a graduate in business and commerce from Annamalai University and has attended the Harvard Business School’s General Management Program.

India: JK Lakshmi Cement will invest US$203m to expand clinker and cement capacity in Chhattisgarh, as it looks to strengthen its position in eastern and central India. The company signed a memorandum of understanding for the project during the Chhattisgarh Investor Connect event on 25 November 2025. JK Lakshmi currently operates 16.5Mt/yr of capacity, and will add 2.31Mt/yr of clinker capacity and 1.2Mt/yr of cement capacity as part of the expansion.

“Chhattisgarh has been central to our manufacturing strategy, and this investment strengthens our ability to serve eastern and central India with reliable, efficient capacity,” said deputy managing director Shrivats Singhania.

Germany: The Bundesrat has given final approval to legislation enabling industrial-scale underground CO₂ storage, marking Germany’s biggest policy shift to date on industrial decarbonisation. The new law establishes a national framework for CO₂ storage beneath the seabed, excluding protected and near-shore zones. It also includes an opt-in clause allowing individual federal states to authorise onshore storage, a provision of particular interest to industrial regions seeking local solutions.

A national CO₂ pipeline network will also be developed to transport captured emissions from plants to designated storage sites. Federal Economics Ministry State Secretary Stefan Rouenhoff said the legislation is a ‘crucial building block’ for Germany’s decarbonisation plans, especially for hard-to-abate sectors such as cement production.

Morocco: Ciments du Maroc has reported unconsolidated, unaudited sales of US$115m for the third quarter ending 30 September 2025, up by 6% year-on-year. Over the first nine months of 2025, revenue reached US$324m, an 8% year-on-year increase.

China: Inner Mongolia Jidong Cement will shut down one 4000t/day clinker line as part of a capacity replacement programme, with its quota redistributed across two other production lines. According to the company, another 4000t/day line belonging to the company will be replaced with 2200t/day of capacity, bringing the adjusted total to 6200t/day.

Nigeria: Ebonyi State Governor Francis Nwifuru has presented a proposed US$604m budget for 2026, including plans to construct a US$102m state-owned cement plant.

Nwifuru said most of the spending would target infrastructure and economic growth projects. He attributed the rise from previous annual budgets, averaging about US$60m, to expanded fiscal space following the removal of the federal fuel subsidy.

The cement plant, conceived as a successor to the defunct NIGERCEM, will be financed through a US$102m self-repaying loan. “We agreed in council that this project will borrow money to fund itself from beginning to end. And this project will generate the same money to repay the loan,” Nwifuru said.

Geological assessments are currently underway to determine the most viable location with adequate limestone reserves.

UK: Cleantech firm Carbon8 Systems has been placed into administration, with business advisory firm Quantuma appointed as administrator on 12 November 2025. Carbon8 Systems was founded in 2006 as a University of Greenwich spin-out, focused on research and experimental development within natural sciences and engineering. The company developed Accelerated Carbonation Technology (ACT), a patented process that captures CO₂ emissions and converts them into carbon-negative aggregates sold under the CircaBuild brand. The company also developed CO₂ntainer™, a modular solution which enabled on-site carbon capture and treatment of industrial residues.

Quantuma was instructed by the company’s board to provide advisory support in April 2025, as the company faced cash flow difficulties while seeking investment. Despite efforts to secure funding, this was not successful within the required timeframe. As part of the administration process, Carbon8’s operations at Medway Campus, University of Greenwich, and its premises at Wraxhalls storing plant will close. Eleven employees were made redundant shortly before the appointment on 10 November 2025.

Chris Newell, Quantuma managing director and joint administrator, said “It is always difficult to see a company with such innovative intellectual property (IP) be placed into administration. I expect there to be strong appeal in the assets and any parties interested in the acquisition of the IP are welcome to make contact with us.”

Netherlands: Sweden-based Paebbl's demonstration plant at its Rotterdam research and development centre has reached a cumulative 500 hours of production in the eight months since it entered operation in March 2025. The plant uses captured CO₂ as a feedstock to produce carbon-storing cementitious materials. Meanwhile, Paebbl has operated its pre-existing pilot plant for a cumulative 2000 hours. The producer is now designing its first commercial-scale plant.

Senegal: The country’s cement sector recorded a slowdown in August 2025, according to provisional figures from the Directorate of Forecasting and Economic Studies (Dpee), cited by the National Agency for Statistics and Demography (Ansd). Cement production fell by 14% month-on-month following several months of growth, reflecting weaker domestic and external demand. The decline was driven largely by a 24% drop in local sales, linked to a slowdown in construction activity and inventory adjustments. Exports also eased, falling by 8% from July 2025.

Despite the monthly setback, the sector maintained positive momentum year-on-year. Production in August 2025 was 10% higher than in August 2024, supported by strong export growth of 44% as regional demand remained firm. Local sales posted a modest increase of 0.9% compared to August 2025.