Lafarge Cement

Tycoon Kudakwashe Tagwirei's Fossil Contracting company run by Obey Chimuka has completed the takeover of Lafarge Cement, in a deal that reportedly involved over 61 million shares at a negotiated price of US$29.7 million.
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Lafarge Cement Zimbabwe Limited last week appointed a new chief executive officer (CEO), after the former one left to pursue personal interests after five years of service.
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The country has been hit by a shortage of cement, leaving the construction industry stranded, while in some instances resorting to the black market.
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By Lovemore Zigara Incessant rains being experienced across the country have disrupted operations at Sino Zimbabwe Cement Company (SZCC) which has lost about 50 percent of business since the beginning of the year, management has said.…
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Flamboyant businessman Frank Buyanga is pressing ahead with his interest for a 40 percent stake in Lafarge Cement Zimbabwe (Lafarge) amid indications that the local company’s major shareholder had requested further information from the…
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