The foreign sales of the Tunisian company Ciments de Bizerte fell by nearly 95%, in an environment marked by fluctuations in demand on the Algerian market, and almost zero sales on a Libyan market facing socio-political turmoil. Despite this situation, sales in Tunisia have sustained operations during the first quarter 2015.
Revenues are at 26.3 million dinars, an increase of 10.7% compared to 23.7 million dinars for the same period in 2014. The cement manufacturer has therefore decided to speed up the establishment of infrastructure for sales abroad by sea freight. In line with this, the second quarter 2015 has been characterised by the beginning of civil engineering works for the upgrade of installations in order to give the company an efficient loading and unloading dock.
Current liabilities still remain a source of concern for the company. By end June 2015, the total indebtedness reached 100 million dinars versus 73.4 million dinars by end December 2014. In addition to this, there are the 12.1 million dinars of short-term loans.
On the Tunis stock exchange, the value of Ciments de Bizerte has declined on 22 July 2015, but in a barely significant trading volume. Even if some investors of the Tunisian marketplace remain optimist, Ciments de Bizerte posts a capital loss of 28% since 1st January 2015.
The direct competitor Carthage Cement, appears in better health with a share value increasing by 1.8% as of 22 July 2015.
Africa’s energy & mining exports benefit from US tariff exemptions, cushioning trade as most other...
Africa’s AI adoption is accelerating, but its ability to scale depends primarily on foundational i...
Development Partners International sold its 20.17% stake in Atlantic Business International for mo...
This week in Africa, Africa CDC continues its clinical trial on mpox, while a new study highlights l...
Ivory Coast expects a new government after the prime minister and cabinet resigned following Decem...
Blue Earth Capital secures over $100 million first close Impact secondaries strategy targets emerging markets, including Africa and...
Senegal plans to launch second satellite, GAINDESAT-1B, in 2026 Satellite builds on GAINDESAT-1A’s environmental and monitoring...
Nigeria forecasts 4.68% growth in 2026, finance minister says Easing inflation, stable naira and reforms underpin economic outlook Government...
Plan targets English teachers for Burkina Faso and French teachers for Ghana Talks focus on boosting language skills and regional education...
Located at the mouth of the Senegal River, about twenty kilometers from the Atlantic Ocean, Saint-Louis Island holds a distinctive place in the country’s...
Benin considers hosting a pan-African cultural event inspired by FESMAN but plans to use a different name. Culture Minister Jean-Michel Abimbola...