Lafarge News

Zoya Sisulu, ‎Head of Debt Primary Markets, South Africa, Standard Bank. Credit: Business Day (South Africa)

African debt capital markets resilient in face of growth challenges

Debt capital markets across Africa’s sub-regions have remained robust despite the macroeconomic and political challenges presented.

Africa’s richest man plans to almost double the continent’s cement production by 2020

Africa's richest man plans to almost double the continent's cement production by 2020 (Infographic)

Africa’s cement wars are heating up. Dangote Cement, owned by Africa’s richest man, Nigerian billionaire Aliko Dangote, has revealed its agreement with a Chinese construction company to build cement plants in 11 countries.

Billionaire Aliko Dangote at Dangote Cement Plc's new plant in Ndola, Zambia. Photographer: Liezel Hill/Bloomberg

Cement is the new oil as Africa's richest man takes on Lafarge

Africa’s richest man is pushing to dominate its market for cement, the material at the heart of the continent’s infrastructure boom.

Aliko Dangote, CEO, Dangote Cement

Dangote Cement Seeking to Double Capacity to 80 Million Tons

Aliko Dangote, Africa’s richest man, said he plans to double capacity at his cement company to 80 million metric tons a year as the company expands outside its home market of Nigeria.

Nigeria's Biggest Miller Targets Acquisitions for Growth

Nigeria's Biggest Miller Targets Acquisitions for Growth

Flour Mills of Nigeria Plc, the country’s biggest miller by market value, will seek expansion opportunities in Africa after streamlining its domestic business to focus on food in the continent’s biggest economy.

There's plenty to go around. (Reuters/Tiksa Negeri)

Normally risk-averse US pension funds are starting to bet big on Africa

Private equity firms see Africa as the next big thing. But now US public pension funds are starting to look at the continent too.

A shopper peruses the grocery aisles at the South Africa–based Shoprite in the three-year-old Ikeja City Mall. Photo credit: nationalgeographic.com

Global X MSCI Nigeria ETF: Speculative multi-year play approaching attractive valuation

The bet is a very long-term (multi-year) play on: (1) Earnings growth; and (2) Increased multiples assigned to equities by market participants as Nigeria’s markets mature.

Ibese Cement Plant, Ogun, Nigeria

Here's Why Dangote Cement Is a Buy

When Africa’s richest man, Aliko Dangote, announced a 40% price cut on bags of Dangote Cement last week, Nigerian consumers rejoiced.

Cadbury

The 20 most valuable companies in Nigeria

Discover the 20 most valuable companies in Nigeria.

Lagos, Nigeria

Africa isn't a country: Don't judge this thriving continent by the Ebola crisis

REPORTS of people cancelling safari holidays in Kenya and South Africa due to fears of Ebola (over 3,000 miles away in Guinea, Liberia and Sierra Leone) are the latest manifestation of the devastating impact on African economies wrought by the perception of Africa as one homogenous place.

Johannesburg Stock Exchange (JSE)

African IPO fund-raising in first half of 2014 surpasses all of 2013

Capital raised through IPO activity on African stock exchanges in 2014 has now surpassed the total raised during the whole of 2013.

Aliko Dangote

Cementing Africa's future: The rise and rise of Aliko Dangote, Africa's richest man

Aliko Dangote made his fortune by gambling on Africa’s future, repeatedly. For the Nigerian entrepreneur, that gamble has paid off spectacularly.

Lafarge

Lafarge Nigeria gets approval to merge South African and Nigerian units

Shareholders in Lafarge Wapco , the Nigerian unit of French cement maker Lafarge , on Wednesday approved a $1.35 billion deal combining its Nigerian businesses with Lafarge’s wholly-owned South African subsidiary.

Aliko Dangote, Chairman & CEO, Dangote Group

African Cement: Day of Aliko Dangote? (Video)

Lafarge, the global cement producer, plans to combine its Nigerian and South African operations. The Financial Times’ Robert Armstrong and Joseph Cotterill discuss whether this can challenge the African dominance of Dangote Cement, the company owned by Aliko Dangote, Africa’s richest man.

Lafarge

Lafarge to Merge Nigerian and South African Units in $1.35B Deal to Rival Dangote Cement

Lafarge SA, the French cement maker, will combine Nigerian and South African assets to form a new company, Lafarge Africa, to compete with Africa market leader Dangote Cement Plc.