Displaying items by tag: Senegal
Senegal: Momar Ndao, the president of the Consumer Association of Senegal, has asked the government to place controls on the price of cement. His comments followed an increase in the price of cement set by local producers, according to the Senegalese News Agency. He proposed that a technical commission study the situation and make recommendations to the National Consumer Council.
The Gambia raises import tariffs on cement from Senegal
23 January 2019The Gambia: The government has introduced a 5% import tariff on cement imports from Senegal. The new tax was issues to the Gambia Revenue Authority in November 2018 for enforcement from the start of 2019, according to Foroyaa news website. Local cement dealers have complained about the new tax, saying that local production is unable to meet demand. They have urged the government to reconsider its policy.
Government fixes price of cement in Senegal
19 October 2018Senegal: The Ministry of Commerce has fixed a maximum price of cement to protect consumers. The ministry said it had made the decision following exports of a rise of the price of cement in early October 2018, according to the L'Agence de Presse Sénégalaise. The minister said that he invited all cement plant in the country to comply with the new regulations.
Senegalese government to investigate cement prices
04 June 2018Senegal: Trade minister Alioune Sarr says that the government will investigate a rise in the price of cement. He said that a committee has been set up to review the prices of essential commodoties including cement, according to PressAfrik. The decision follows a rise in the price of cement at the end of May 2018.
Senegal: Cement production rose by 5.6% year-on-year to 1.8Mt in the first quarter of 2018 from 1.7Mt in the same period in 2017. The production rise has been driven by an increase in local sales, according to the African Press Agency. Local sales of cement grew by 50.6% to 1.28Mt from 0.85Mt. However, exports have fallen by 37% to 0.56Mt from 0.90Mt.
West African Development Bank approves loans for cement plant projects in Ivory Coast and Senegal
23 March 2018Ivory Coast/Senegal: The West African Development Bank (Board) has approved loans for cement plant projects in Ivory Coast and Senegal. It will give US$47m to Ciments Du Sahel for it to build a third clinker production line at its plant in Kirène. The new line will have a production capacity of 2.7Mt/yr. It has also approved a loan of US$9.4m for Ciments de Côte d’Ivoire (Cimivoire) to build a new 3Mt/yr cement grinding plant in Abidjan.
Dangote Cement revenue grows as volumes fall in 2017
21 March 2018Nigeria: Dangote Cement’s sales revenue rose in 2017 but its sales volumes of cement fell. Its revenue rose by 31% year-on-year to US$2.23bn in 2017 from US$1.70bn in 2016. However, sales volumes of cement in Nigeria fell by 15.9% to 12.7Mt from 15.1Mt. Altogether, its sales volumes rose by 8.4% to 9.37Mt in the rest of Africa and fell by 7% to 21.9Mt in total. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 50.9% to US$1.08bn from US$713m.
“Although Nigerian volumes were lower in 2017, our Pan-African operations increased volumes by 8.4% and now make up 42% of the Group’s total cement sales, demonstrating the robust diversification of our business,” said Joe Makoju, Acting Group Chief Executive Officer of Dangote Cement. He added that the cement producer had increased its footprint from eight countries to 10 during the reporting period with the opening of new facilities in the Republic of Congo and Sierra Leone, while its operations in Cameroon, Senegal and Ethiopia achieved ‘strong’ sales growth during the year.
Regionally, Dangote Cement said that its estimate for the total Nigerian cement market fell by 18% to 18.6Mt in 2017 due to a recession in the first half of the year and higher prices. It also noted that its Gboko plant in Benue State was mothballed for ‘most of the year.’ Elsewhere, it said that it exported 174,000t of cement from Nigeria to Ghana. In Senegal it introduced 32.5R cement to its product range. In Sierra Leone it opened a 0.5Mt/yr terminal and bagging plant in Freetown in early 2017. In Tanzania it said that its plant at Mtwara had lost earnings due to its reliance on temporary diesel generators. Gas turbines are scheduled to start operation in March 2018.
Senegalese government to restrict new permits to cement producers based on market demand
11 December 2017Senegal: Aissatou Sophie Gladima, the Minister of Mines and Geology, says that the government will only issue new operating permits to cement producers if there is evidence that existing plants are unable to meet local demand. Gladima made the comments on a visit to the Dangote Cement plant at Pout in Thies, according to the Senegalese Press Agency. The minister added that the country’s Plan Senegal Emergent (PSE) requires lots of minerals.
SOCOCIM aims at 56% market share in Senegal
06 September 2017Senegal: Youga Sow, the director general of SOCOCIM Industries, says that his company is aiming for a market share of above 56%. He made the comments at a local festival, according to local press. Sow added that the country produced 3.2Mt of cement in 2016 despite having a production capacity of 8Mt/yr. The other major cement producers include Ciments du Sahel and Dangote Cement.
Senegal introduces new cement tax
10 January 2017Senegal: The government of Senegal has introduced a tax of US$4.84/t of cement with effect from 2 January 2017. The tariff will apply to cement from the country’s three cement plants run by Ciments du Sahel, Sococim and Dangote, according to the Quotidien newspaper. Vendors are expected to pass the cost onto consumers with higher prices.
Cement production rose by 10% year-on-year to 5.15Mt in the first 10 months of 2016 from 4.68Mt in the same period in 2015 at the Ciments du Sahel and Sococim plants, according to data from the Directorate of Forecasting and Economic Studies (DPEE), reported upon by the African Press Agency. The increase has been attributed to a 25% surge in exports, although local sales have also risen slightly.