Cement Maker eyes prospects in some African markets

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The cement maker already has strong market positions in several African countries including Zimbabwe, Botswana and Rwanda. The cement maker already has strong market positions in several African countries including Zimbabwe, Botswana and Rwanda.

South Africa's Cement giant Pretoria Portland Cement (PPC) is 'actively' looking to establish a presence in a number of other African countries.

The company has successfully secured non-recourse project finance of over $400 million for its expansion projects, most of which are located throughout Africa.

Recently in a presentation to investors, the cement maker seems to be determined to aggressively expand into fast-growing Africa.

For one, production of its new 600,000-ton-per-annum plant in Rwanda is expected to commence in the second half of 2015.

Pending the finalisation of outstanding documentation, the group is poised to increase its stake in Ethiopian-based Habesha Cement, a 1.4 million-ton-per-annum plant, to 51%.

To further diversify into Africa, PPC says the construction of its 700,000-ton-per-annum mill in Zimbabwe is progressing well and commissioning remains set for 2016.

In the Democratic Republic of the Congo, the construction of .....

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Botswana Property Market  |  Zimbabwe Property Market  |  Pretoria Portland Cement Company (PPC)  |  Rwanda Property Market