Displaying items by tag: Cameroon

Nigeria: Dangote Cement says it has resumed exporting clinker from its Onne and Apapa terminals to Cameroon. Two ships delivered 57,000t of clinker and 0.34Mt of clinker was exported by road in the first half of 2021. The cement producer started exports in 2021 but was forced to suspend them in April 2021 following high demand for cement domestically.

The group’s revenue grew by 44.8% to US$1.68bn in the first half of 2021 from US$1.16bn in the same period in 2020. Cement sales volumes rose by 26.1% to 15.3Mt from 12.1Mt. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 61% to US$853m from US$530m. In Nigeria cement demand was attributed to increasing housing infrastructure, commercial construction and government projects including roads and railways. Outside of Nigeria, strong performance was noted in the Republic of the Congo, Cameroon, Ethiopia, Senegal and Tanzania.

“This strong intrinsic performance is magnified by the lower second quarter results in 2020 due to the effect of Covid-19. The growth trend continues and we are focused on meeting the strong market demand across all our countries of operation,” said chief executive officer Michel Puchercos. He added that the group restarted clinker exports from Nigeria in the second quarter of 2021 following a ‘strategic decision’ to pause them in response to high demand domestically. The cement producer intends to commission its new 3Mt/yr Okpella plant in the third quarter of 2021. He also said that the company’s ongoing alternative fuels project is at an ‘advanced stage’ with procurement and installation of equipment occurring at all plants.

Cameroon: Luc Magloire, the Minister of Commerce, has written to Cimenteries du Cameroun (CIMENCAM) threatening to close its production facilities if it raises its prices without approval. In the letter the minister accused the subsidiary of LafargeHolcim of increasing its wholesale prices and of preparing to do so again without consent, according to the Ecofin Agency. Prices have reportedly risen by up to 8% in some places.

Friction occurred between the government and CIMENCAM in 2020 when LafargeHolcim renewed the term of Benoît Galichet as the chief executive officer of its local subsidiary. The government, a large minority shareholder of the company, opposed the decision. The government and the cement producer have also disagreed previously over the price of cement.

Cameroon: Two cement trucks masquerading as belonging to a United Nations agency have been seized by customs officials. The smugglers were pretending to be transporting food and pharmaceutical products in transit to Chad, according the Ecofin Agency. The cement is believed to have originated from Nigeria. The operation by customs authorities was part of the ongoing Halcomi (halte au commerce illicite) initiative.

Cameroon: Atlantic Group is planning to build a 1Mt/yr integrated cement plant in the Port of Kribi. Business in Cameroon has reported that the company has received all necessary permissions for the project. The group’s only asset in Cameroon is the 48,000t/yr Atlantic Cocoa plant in the Port of Kribi, commissioned in 2020. Parent company Ivory Coast-based Atlantic Group recently inaugurated the 1.5Mt/yr Société Ciment Côte d'Ivoire (SCCI) near Abidjan in Ivory Coast.

Kribi’s five existing cement plants have a total production capacity of 5.8Mt/yr.

Cameroon: Cimenteries du Cameroun (CIMENCAM) has signed an agreement with YUP Cameroon to accept online payments via YUP’s mobile phone-based banking system. Orders can be made via on CIMENCAM’s online portal. YUP allows its customers to access financial services without a bank account. The system started in Ivory Coast and Senegal in 2017 and is now present in Burkina Faso, Cameroon, Guinea, Ghana and Madagascar.

Cameroon: Nigeria-based Dangote Cement plans to increase the capacity of its 1.5Mt/yr Douala cement grinding plant near the Cameroonian capital of Yaoundé to 3Mt/yr. The Nigerian Guardian newspaper has reported that the company’s current expansion plan aims at exploiting multiple trade routes within the African Continental Free Trade Area (AfCFTA).

Aliko Dangote said that the plant is “our largest greenfield project in a neighbouring country with which we not only share a border but also a long history of brotherly relations dating from our colonial days. Owing to the rich culture and history that we share, we have a better understanding of Cameroon.” He added, “Our desire to increase our investment with the Phase-2 project is based on not only the fast growth rate of the Cameroonian economy but also due to the warm welcome extended to us and the enabling environment created by the government of Cameroon. Our choice of Cameroon for this multi-million-dollar investment is quite strategic. Cameroon is the largest economy in Central Africa and is well endowed with abundant natural resources. The country also enjoys political stability, adequate security and growing infrastructural development. In addition, President Biya has created an enabling environment that has continued to attract investors both from within and outside the African continent.”

Cameroon: Aumund France has won a contract to supply three BWZ type bucket elevators with central chain, three BWG type belt bucket elevators and three Samson material feeders to Oyak Çimento’s upcoming plant near Kribi. When commissioned in September 2022, the plant will grind 100t/day of cement and 720t/day of calcined clay. ThyssenKrupp Industrial Solutions (France) is responsible for the overall design, supply and installation of equipment to the plant.

Cameroon: Dangote Cement’s subsidiary in Cameroon estimates that it had a market share of 39% in the first nine months of 2020. It reckons the total cement market in the country was over 2.6Mt in the same period and that it sold around 1Mt, according to the Ecofin Agency. It said that the market was mainly driven by individual construction projects and public housing estates. In February 2020 the subsidiary of the Nigeria-based company said it planned to do better business in 2020 by focusing on the construction sites of stadiums, roads, hotels and other construction projects in preparation for the 2021 Africa Cup of Nations, postponed to 2022.

The cement producer operates a 1.5Mt/yr cement grinding plant in Douala, with a dedicated jetty for offloading clinker that opened in 2015.

Cameroon: Cimencam has donated 2000 Covid-19 test kits, 15 respirators and 10 reanimation beds to the Ministry of Public Health to help in its fight against the Covid-19 outbreak. The Journal du Cameroun newspaper has reported that chair Pierre Moukoko Mbonjo formally handed over the supplies, worth US$179,000, to Minister of Public Health André Mama Fouda at a ceremony in the Cameroonian capital of Yaounde.

Nigeria: Dangote Cement has dispatched 27,800t of clinker to Senegal from its new Lagos cement terminal in Apapa Port, Lagos State. M2 Presswire News has reported that the terminal will now begin dispatches of 984,000t/yr of clinker to Cameroon. Dangote Cement aims to serve the whole of West Africa with 4Mt/yr of clinker exports from the terminal. Manufacturers Association of Nigeria (MAN) acting director general Chuma Oruche said, “The export of clinker by Dangote Cement will be beneficial to the Nigerian economy in terms of export earnings, job creation and wealth creation for families connected with these achievements.”