“Due to the investments made by various companies, the installed capacity of cement production in Angola is 8 million tons and demand is around 6.5 million tons,” said Minister Waldemar Alexandre Pires.
Pires added that the ban was imposed after consultation with the country’s Cement Sector Commission, coordinated by the Ministry of Construction and the Ministries of Trade, Industry and the Economy.
The Angola cement market has enjoyed four years of double-digit growth on the back of the country’s economic recovery. This follows the end of the
three-decade long civil war in 2002. The short-term outlook is positive, with continued market growth and capacity building, encouraging more players to venture into the bulging market.
The majority of domestic cement consumption is located in the more densely populated western provinces. So far the government claims to have spent over $1 billion on reconstruction since the end of the war.
A resumption of construction activities in and around the capital of Luanda, where the government has pushed ahead with a range of new construction projects including a number of much-needed housing schemes for the city’s expanding population, has been the main drivers of the cement consumption in the southern African nation.
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