Kenya's biggest cement maker, Bamburi Cement, reported a 5 percent rise in pretax profit last year and said it was optimistic of higher growth in 2015, driven by construction projects in Kenya and Uganda.
The company, controlled by French firm Lafarge SA, said in a statement its pretax profit rose to 5.80 billion shillings ($64 million), driven by a 6 percent increase in turnover to 36.03 billion shillings.
"The Group is optimistic about the market growth prospects in the domestic, including large infrastructure project both ongoing or planned in both countries," Bamburi said.
Government officials in the region are racing to improve transport networks and build new power plants to boost growth, after decades of under investment.
Earnings per share rose to 9.80 shillings from 9.55 shillings, the company said. It recommended a dividend of 6.00 shillings per share, down from 9.00 shillings in 2013.
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