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.
Operator explores renewable energy partnership with Italy’s Ascot Energy Move aims to stabilize p...
A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...
First investor town hall since 2021 signals renewed engagement with markets Authorities hi...
Arise IIP plans to invest more than $3 billion in Kenya over five years The company wi...
Efforts to reinforce health systems are gaining pace across Africa, with this week’s developments fo...
Mauritanian Zeine Zeidane has been appointed director of the IMF’s Africa Department. A former prime minister and an IMF official for more than a decade,...
Africa’s sports economy could expand from $12bn to $30-35bn over the next decade Tourism contributes up to 8% of GDP across the continent,...
A two-year partnership will support women entrepreneurs with finance and training The initiative targets underserved and refugee-hosting...
Burkina Faso recorded a $1.6 billion trade surplus in Q4 2025, up sharply from the previous quarter. Gold accounted for 96.8% of total...
The Bijagos Archipelago, located off the coast of Guinea-Bissau, stands as one of West Africa’s most extraordinary island systems. Made up of around forty...
RFI confirmed the end of “Couleurs Tropicales” following Claudy Siar’s departure after 31 years. The move follows a series of high-profile exits...