IMARC Group’s recent report, titled “ East Africa Cement Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026 ”, estimated that the East Africa cement market size reached a volume of 35.5 Million Tons in 2020. The cement market possesses vast opportunities in East African countries on account of soaring population and inflating income […]
Cement firms are investing billions of shillings to build new or expand clinker plants as local production of the raw material is cheaper, making it a key competitive advantage. A report by the National Independent Clinker Verification Committee found that six companies have started or are set to embark on expanding clinker plants capacity by […]
The Kenya Association of Manufacturers (KAM) has backed recommendations that a four-year grace period be considered before any increase of import duty subjected on clinker, a key raw material used in cement production. The decision emanates from a report by the National Independent Verification Committee constituted by KAM in order to assess clinker production and […]
Bamburi Cement Ltd Trucks collects cement from a Silo, a storage facility in Industrial area, Nairobi on May 24, 2021. These trucks transport cement in different regions on behalf of the company . [Stafford Ondego,Standard] . Bamburi Cement is eyeing a clinker production facility and a solar power plant to lower its operating costs. The […]
A stockbroker at the Nairobi Securities Exchange trading floor. FILE PHOTO | NMG Foreign investors at the Nairobi Securities Exchange (NSE) recorded net inflows of Sh242.3 million last week, reversing the previous week’s net outflows of Sh208.5 million as they bulked up on Safaricom and large banks’ shares. Their buying activity, combined with higher participation […]
KEY POINTS Nairobi Business Ventures was the top gainer of the day on Thursday at the Nairobi Securities Exchange (NSE) with 6.09 percent at the price of 7.32 shillings per share. Nairobi Business Ventures was the top gainer of the day on Thursday at the Nairobi Securities Exchange (NSE) with 6.09 percent at the price […]
Nairobi Business Ventures (NBV) plans to break ground on a cement manufacturing plant in Mavoko, Machakos County by end of the year after shareholders approved a proposal to buy Delta Cement. The Nairobi Securities Exchange (NSE) listed firm was recently taken over by Delta International FZE, which is transforming it from shoe retailing to cement […]
Scale model of a skyscraper Construction. Kenya’s cement consumption has more than doubled over the last decade, driven by mega infrastructure projects as well as individual homes. In 2010, local cement consumption stood at 3.1 million tonnes. This has steadily risen to 7.3 million tonnes by last year, and this year, growth margins seen over […]
Bamburi Cement has secured lucrative government contracts for the supply of cement for key infrastructure projects in the region as part of efforts to staying afloat in a competitive cement market that has seen its net profit drop by 80 per cent in five years. The East African reports that Bamburi (Holcim group) has won […]
Kenya’s Bamburi Cement has recorded a 21 per cent YoY growth in turnover to KES19.6bn (US$178.45m) for the first half of 2021, compared with KES16.2bn in the 1H20. Pre-tax profit also surged to KES1.1bn from KES213m. The company attributed the results to a recovery of the cement market, with domestic and export volumes rising while […]
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