GlobalData: Further cuts to MENA construction sector expected for 2020
The Middle East and North Africa (MENA) construction sector is expected to be affected by lower oil production, low oil prices and contracting non-oil sectors.
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The Middle East and North Africa (MENA) construction sector is expected to be affected by lower oil production, low oil prices and contracting non-oil sectors.
The company has been able to sustain 54 000 jobs in Nigeria, Ethiopia, Senegal and South Africa.
The company has become a partner for the Horizon 2020 project, ‘Project Mof4AIR’, which aims to develop and demonstrate the performances of Metal Organic Framework (MOF)-based carbon capture technologies in power plants and energy intensive industries.
BUA Cement Plc, has announced a 25.1% increase in revenue of N54.0 billion in its financial results for the first quarter ended 31 March 2020.
The six-year agreement will see FLSmidth providing hot kiln alignment services to Dangote kilns in Ethiopia, Tanzania, Zambia, Congo, South Africa, and Nigeria.
The governors of Jigawa and Sokoto States have received ambulances from the BUA Foundation to support the fight against the COVID-19 crisis.
The company's sales from Nigeria rose 5.6% to 179.3 billion naira, Bloomberg reports.
GlobalData shares forecasts for the construction industries across the world in the midst of the coronavirus pandemic.
The company forecasts that the Saudi government’s revenues will suffer from the low oil prices and that this will likely impact upon infrastructure projects in the pipeline.
The World Cement Association has welcomed the Cement Producers Association of Iraq (CPAI) as an Affiliate Member of its international network.
Bamburi Cement Group delivered improved profitability for the full year ended December 2019, posting a 17% jump in profit before tax to KShs 0.73 billion as compared to KShs 0.62 billion in 2018.
The company receives thanks for its N500 million intervention fund to provide medical infrastructure, food and essential medications to its host communities in response to the COVID-19 pandemic.