Articles tagged 'cement'

PPC in record production 24 August 2017 HARARE - Cement manufacturer PPC has recorded the highest production volumes in Zimbabwe for the first time in 18 years following the opening of a new $82 million plant in Harare. The group's interim chief executive, Johan Claassen, said Zimbabwe operations continue to exceed expectations, wit...
Lafarge records $2m loss 22 April 2016 HARARE - Lafarge Cement Zimbabwe (Lafarge) said it would focus on improving profitability this year, after a charge related to weakening demand pushed the building-materials group to a $2 million loss for the year to December 2015. The group's acting chairman Muchadeyi Masunda yesterday attrib...
Dangote omits Zim 11 October 2015 HARARE - Africa's richest man Aliko Dangote has curiously omitted Zimbabwe from the countries he named as investment destinations only a few weeks after purportedly striking a mega deal with the southern African country. During his visit to Zimbabwe last month, where he met President Robert Mu...
Treat investors fairly, Zim urged 13 September 2015 HARARE - The Bankers Association of Zimbabwe (Baz) has warned government to stop prioritising certain investors at the expense of others. Baz president Sam Malaba said the same treatment awarded to Nigerian billionaire Aliko Dangote must be extended to all who wish to invest in Zimbabwe. “T...
Terrorising Masiyiwa, embracing Dangote 8 September 2015 LONDON - It has dawned on Zanu PF that its so-called resource nationalism has failed to produce expected results. Zanu PF had anticipated that over time its agrarian revolution would vivify Zimbabwe's moribund economy. However, this has not happened or at least at the scale that it had anticip...
Zim needs more Dangotes 7 September 2015 HARARE - Africa's richest man, Aliko Dangote's choice of investing in Zimbabwe became the most trending story of the past week. For a country that is in the throes of a moribund economy teetering on the brink of slipping into a dysfunctional state, it is expected that visits such as the one by...
Dangote deal: Test for Zim investor climate 6 September 2015 HARARE - Nigerian billionaire Aliko Dangote's plans to invest millions in constructing a cement plant in Zimbabwe will test the country's investor climate which has previously scuttled several promising multi-million dollar deals, analysts have said. Africa's richest man made an inaugural visi...
Zim must open up — Dangote 2 September 2015 HARARE - Billionaire and Africa's richest man, Aliko Dangote, says Zimbabwe must open up to foreign investment by relaxing its stringent visa conditions and improve on the ease of doing business. Dangote — with a net worth of $17,2 billion according to Forbes Magazine — told Tourism minister W...
Dangote raises Zim hopes but... 2 September 2015 HARARE - Africa's richest man Aliko Dangote's choice of investing in Zimbabwe is a huge statement which should be encouraging to all progressive forces in the country. Dangote is valued at $17,2 billion by the influential Forbes Magazine and has many interests across Africa where his conglomer...
Africa's richest man Dangote moots mega Zim investments 1 September 2015 HARARE - Nigerian billionaire Aliko Dangote has announced plans to invest in Zimbabwe's power and mining sectors, saying he also intends to construct a 1,5 million tonne per annum cement grinding plant in the southern African country. The richest man in Africa told delegates at the State House...
Lafarge misses revenue target 9 March 2014 HARARE - Lafarge Cement Zimbabwe (Lafarge) missed its $90 million revenue target by 24,8 percent to record $67,6 million in the year to December 2013 due to reduced local and export sales volumes. The realised revenue was 3,3 percent down from prior year’s $69,9 million. Cement demand has g...
PPC finanlises Zim plant fesibility study 29 November 2013 HARARE - South Africa-based Pretoria Portland Cement (PPC) says it is finalising a feasibility study on the construction of a $200 million clinker production plant in Zimbabwe. The group, which owns local unit Portland Holdings Limited (PHL), plans to build the facility — with a 1, 2 million c...
Lafarge shifts focus to paint 21 November 2013 HARARE - Lafarge's Zimbabwe unit says it is shifting focus to products such as paint and aggregates to drive revenue as cement demand has softened. This comes as the prevailing liquidity crisis in the country has dampened construction activity with subsequent impact on cement sales. “We are...