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.
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
Société sucrière du Cameroun (Sosucam), a subsidiary of France's Castel group, invested 2.5 billion FCFA (about $4.5 million) in a new sugar...
Gambian authorities, working with the Economic Community of West African States (ECOWAS) Commission, inaugurated the National Center for Response to...
Letshego Africa Holdings, a Botswana-based financial services group listed on the Botswana Stock Exchange, signed agreements with Axian Digital...
China launches AI contest targeting African innovators and students Initiative aims to identify high-impact solutions across key...
UK museum to return 45 Botswana artifacts after 150 years Items collected in 1890s; restitution follows Botswana request Return tied to...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....