Tororo Cement in Kenya bid

Tororo Cement in Kenya bid
03 June 2009

Tororo Cement Industry (TCI) could reap the benefits from a limestone bid if Kenyan authorities approve the industry’s application to exploit eastern Kenya’s expansive limestone deposits.

The offer comes a year after the cement manufacturer announced a $25 million (about Shs55 billion) expansion drive to meet the increasing local demand for cement attributed to the growing construction industry.

The bid opening was arrived at by Eastern Kenya’s Mutumo District local authorities after they resolved that new investors be invited to exploit the limestone.

The resolution followed a two-year long legal battle between Kenya’s Athi River Mining and Bamburi Cement over who should win the rights of extracting the limestone sediments.

Kitui County Council resolved that the excavation tender be awarded to another industry since the two firm’s battle was delaying quarrying expected to create more than 5000 jobs for locals.

There is however, stiff competition for the bid as Kenya’s East African Portland Cement Company and Mombasa Cement have also expressed interest in the business besides the two warring firms, which still have an open chance to battle for the bid.
Published under Cement News