The agreement would enable Sephaku to become a significant competitor in the South African cement market. (Image source: Sephaku)
South African cement firm Sephaku Cement has signed a US$222mn domestic debt funding agreement with Standard Bank and Nedbank to help fund its US$390mn cement plant and clinker plant project
Sephaku Cement is a subsidiary of Nigerias Dangote Cement. (Image source: Dangote Cement)
Sephaku Cement, a subsidiary of Dangote Cement, has secured US$222mn of domestic debt funding for its $390mn cement and clinker plant projects in South Africa
Nigeria-based Dangote Cement has announced it plans to set up a manufacturing plant in Tanzania
AfDB is in the final stages of processing the financing for the Arusha-Holili/Taveta-Voi Corridor in Tanzania. (Image source: cogdogblog/Flickr)
The African Development Bank (AfDB) has said it will increase fund for roads construction projects in Tanzania from US$550mn to US$650mn by the end of 2012
Nigeria’s main cement producers are Ashaka Cement, Lafarge WAPCO, Unicem and Dangote Cement. (Image source: EDV Media Director/Flickr)
The Nigerian cement industry has fallen behind its peers in the continent due to a low per capita consumption rate