The Danish construction group FLSmidth via a release published on Feb.8 on its website said it has inked a €200 million contract with Algerian company Amouda Engineering for the construction of cement plant in Laghouat, 430km South of Algiers.
The agreement plans for designing, provision of equipment, construction, setting and training of staff.
Cited in the release, Per Mejnert Kristensen, vice-president of cement division at FLSmidth, said: “Algeria is a key market for FLSmidth and we built many cement plants across the country”.
Once completed, the plant will have a production capacity of 2 million tons per year.
In Algeria, state-owned and private cement plants produce each year around 18 million tons of cement while the needs of the country exceed 22 million tons.
Sonatel is a major telecom company in West Africa that investors trust, offering steady growth and...
Wave launches Wave Bank Africa in Côte d'Ivoire with $32M capital Move follows €117M fu...
Cameroon's Constitutional Council declared Paul Biya the winner of the presidential election, secu...
ECOWAS will integrate AI into its early warning systems to strengthen crime prevention and intelli...
NGE wins two contracts for sanitation, coastal protection in Senegal Projects target Dakar’s Hann...
Profit down 23.3% in H1 2025 due to higher loan-loss provisions Non-bank subsidiaries post strong double- and triple-digit gains Group revenue up...
SA FinTech credit surged 38% to $2.9B (R55B), challenging banks' core market and projected to hit $17.7B (R337B) revenue by 2030. Foreign...
A third party is willing to assume Zambia’s $45 million debt to Afreximbank, potentially unlocking the country’s five-year debt restructuring...
Somalia’s livestock exports could reach a record $1 billion by end-2025, marking an eighth consecutive year of growth. The country has tripled...
The Eyo Festival, also known as the Adamu Orisha Play, stands among the most iconic cultural events in Lagos, Nigeria. This traditional Yoruba procession,...
Asmara, the capital of Eritrea, is often described as Africa’s modern city for its remarkable architectural heritage and forward-thinking urban design....