Athi River Mining Firm to List On DSE

Athi River Mining Firm to List On DSE
Published: 11 November 2008

Having invested in a multibillion dollar cement plant construction project in Tanzania, Kenya based firm, Athi River Mining Limited has concrete plans of listing on the Dar es Salaam Stock Exchange (DSE).

The Managing Director Athi River Mining Limited, Mr. Pradeep Paunrama, said recently that the company intends to list on the Dar es Salaam Stock Exchange as soon as possible.

"We have chosen Tanzania as one of our investment destinations because the country is endowed with industrial minerals which form the necessary development of a modern economy. Therefore, we will continue to re-invest profits from my company back into Tanzania to add to the capital formation and industrial base of the country," said Mr Paunrama.

The firm recently injected about US$120m for the construction of a new cement factory, which will be operated under a company known as Maweni Mining Limited, a subsidiary of Athi River Company.