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South Africa loses cement market share to Nigeria
27 November 2013, 11:40
Lagos - Nigeria has overtaken South Africa as sub-Saharan Africa’s (SSA) biggest cement manufacturer according to a 2013 research by Renaissance Capital.
This put Nigeria two spots below Egypt and Saudi Arabia in the broader Middle East, reports BusinessDay.
In the study, Renaissance Capital reported that Nigeria’s current industry capacity has reached 28mnt, well above South Africa’s production of 18.3 metric tonnes per annum (tpa).
Nigeria’s industry capacity is expected to grow further by the end of year and possible increase in capacity to 50 mnt pa by 2017.
Read more on BusinessDay
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