Kenya’s competition regulator clears Raysut Cement’s 60% stake sale to Chinese firm Zou Fengqi

KENYA – Omani cement manufacturer Raysut Cement, which has market presence in Tanzania, Somalia and Sudan and had been eyeing to acquire ARM Cement, wants to sell 60 percent stake to a Chinese firm, Zou Fengqi. The Competition Authority of Kenya (CAK) has exempted the two from filing a notification before it, saying the transaction meets the threshold under the Competition (General) Rules, 2019. Firms trading regionally are by Kenyan law required to seek regulator’s approval for acquisitions and mergers “The acquirer (Zou) had no assets or turnover for the…

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New factory being built to solve cement shortage in Ethiopia

ETHIOPIA – A new cement factory under construction with 7,000 metric tons of production capacity per day is set to solve the current cement shortage in Ethiopia. This was announced by Ethiopia’s Prime Minister Abiy Ahmed, who indicated that the new factory has production capacity to produce more than Dangote Cement and MIDROC Derba Cement are currently producing together. “I hope the new factory will go operational in the coming three or two months,” he said, adding that  cement market of the country is affected by contraband trade. The Prime…

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Cement manufacturer PPC selected to construct 32MW PV solar power plant

ZIMBABWE – Pretoria Portland Cement (PPC), a cement manufacturer, has been selected to construct and head the operations of a 32MW PV solar power plant. The solar power plant is expected to be constructed in the Matabeleland South Province, Colleen Bawn to be specific. The power that is produced at the site will be divided equally to provide electricity to other Pretoria Portland Cement facilities and the other half will be distributed to the Zimbabwean national electricity grid. The plant that is expected to take a year and a half…

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Dangote Cement kick-starts clinker exportation with maiden shipment to Senegal

NIGERIA– Africa’s largest cement manufacturing company, Dangote Cement Plc, has commenced clinker exportation to other African countries, reaffirming its status as the biggest cement producer in Africa.  The first shipment from the cement producer’s Export Terminal in Apapa Port, Lagos, carried 27,800 metric tonnes of clinker and was destined for Senegal, the cement producer said in a statement. Speaking during the departure of the ship conveying clinker, Group Executive Director, Dangote Group, Alhaji Sada Ladan-Baki said increased exportation of clinker and cement to other African countries will generate foreign exchange…

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