Dangote Cement Records 29% Rise In Q3 Earnings
Dangote Cement, a subsidiary of Dangote Group, has seen its Q3 net income rise 29 percent following radical investment projects across Africa and deeper local market penetration.
Nigeria’s largest cement producer posted a N156.1 billion ($981.7 million) figure as compared to N107.1 billion ($673.5 million) recorded last year, with share price surging 59 percent this year to close at N190 ($1.19) as at this morning.
Chinese Real Estate developer boosts Investor confidence in SA
The outcome of the R1 billion property deal between chemicals and explosives company AECI and the Chinese property firm Shanghai Zendai, has boosted investor confidence in South Africa's commercial property sector.
SA Commercial Prop News has learnt that Chinese Real Estate developer Shanghai Zendai Property (0755.HK) agreed to purchase land in South Africa for over R1 billion from AECI (AFE).
Read more: Chinese Real Estate developer boosts Investor confidence in SA
Construction industry in Middle East and Africa drives ‘smart’ building features
As the region’s building boom continues, the construction industry is turning to audiovisual solutions for “smart” features that enhance building sustainability and employee productivity, according to an industry expert.
Long-term economic growth in the Middle East,
Read more: Construction industry in Middle East and Africa drives ‘smart’ building features
Aramex records 13% profit growth building on African potential
The company has just issued its latest results showing a 13% year-on-year growth in profits and a 9% growth in sales in the third quarter.
Dubai-listed Aramex said the growth has come thanks to “solid” results in its core businesses in express, logistics and freight in the
Read more: Aramex records 13% profit growth building on African potential
