Demand for Lafarge Cement Rises By 30%
Lafarge says demand for cement has risen by 30 percent this year driven by increased road construction and home building – and much of the new activity is happening outside the capital.
In the half year to June this year, Lafarge sold 41 percent more cement than it did in the same period of last year. If Lafarge results are anything to go by, there are signs that economic activity, or at least construction work in particular, is now starting to grow faster outside Harare than in the capital.
Said Lafarge:
The increased volumes were sustained by the continued growth of the out of Harare markets.The business environment has been characterised by growth in demand for construction supplies and this has seen more than 30 percent year-to-date growth in cement demand versus prior year. This increase has been attributed to a rise in individual home building projects as well as the resumption of rehabilitation of roads across the country. It is expected that housing projects will continue to grow on the back of increased access to mortgage financing and government supported initiatives such as Command Agriculture which are improving individual access to disposable incomes
More: NewZWire
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