Kenya: UltraTech in the race to buy stake in ARM?
UltraTech Cement is said to be eyeing a controlling stake in ARM Cement of Kenya, a Nairobi-based newspaper reported. According to the report, the Indian cement producer UltraTe...
Kenya
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ARM in talks with international institutional investor
Kenyan producer ARM Cement is in ongoing talks with a strategic investor to support its expansion plan. The investment will be in the form of preference shares which may be conv...
Kenyan output and demand growth slows
During the first 10 month of the year, Kenyan cement manufacturers increased output by 10.58 per cent YoY, The Star (Kenya) reported citing latest provisional data by the Kenya ...
Kenya: ARM seeks KES10.7bn in private bond
ARM Cement is set to raise up to KES10.7bn (US$105m) in debt funding from private investors, to retire short-term debts, Kenya's Business Daily newspaper reported . The cement m...
ARM swings to nine-month net loss, Kenya
Athi River Mining (ARM) posted an after-tax loss of KES469m (US$4.6m) for the nine months to the end of September 2015, largely attributable to the depreciation in regional curr...
Kenya: Bamburi rolls out training seminars for improved construction quality standards
Over 1600 masons from across the country are set to benefit from a training programme organised by Bamburi Cement to improve skills in the building and construction industry in ...
Kenya: West Pokot plant construction poised for 2016 start
Construction work on a long-awaited cement plant in West Pokot County, Kenya, is due to commence early next year, company officials have confirmed. Cemtech Ltd, a subsidiary of ...
ARM expects new clinker line to boost margins
Kenya's ARM Cement expects profitability to improve now it produces its own clinker for its east African cement plants, its managing director told Reuters on Friday. The company...
EAPCC appoints new chief operating officer
Kenya-based East African Portland Cement Co (EAPCC) has appointed Albert Sigei as chief operating officer, effective 24 August 2015. Sigei will be responsible for production ope...
Bamburi first-half pretax profit jumps 94%
Bamburi Cement reported a 94 per cent jump in first-half pretax profit from a year earlier to KES4.5bn (US$43m). According to Reuters, the company attributed the strong performa...