Kenya: Holcim won't buy out Bamburi Cement
Holcim said it has no intention of making a takeover offer for Bamburi Cement Ltd in Kenya if competition regulators allow its planned merger with Lafarge SA, Bloomberg reports....
Kenya
359 posts · Page 30 of 36
Construction boosts Kenyan cement demand
In May, cement consumption in the Kenya rose to 450,379t in May, up from 426,523t in April and continuing the upward trend noted since March when demand stood at 387,266t, accor...
GCR affirms ARM Cement's ratings, outlook Stable
Global Credit Ratings (GCR) has today affirmed the national scale ratings assigned to ARM Cement Ltd of A(KE) and A1(KE) in the long term and short term respectively. The outloo...
Bamburi Cement names new CEO
Bamburi Cement, part of the Lafarge group, has announced the appointment of Bruno Pescheux as chief executive officer and a member of the Board of Directors, effective 21 July 2...
Lafarge denies claims of market dominance, Kenya
Lafarge has denied claims by Kenya’s antitrust authority that the cement producer may be flouting domestic competition rules and said it wants to work with the government to boo...
Plans for new Kenyan plant in the pipeline
Construction materials supplier Karsan Ramji & Sons plan to set up a new cement production facility in Kenya. The KES426m (US$4.9m) plant is expected to produce an average of 70...
Kenya: Lafarge under competition probe
Kenya’s antitrust authority may force Lafarge SA to sell some of its domestic interests if the cement maker is found to be flouting domestic competition rules, according to Bloo...
EAPCC issues profit warning
East African Portland Cement Co Ltd (EAPCC) expects profit for its full year through June to fall by more than 25 per cent, it said on Friday. The company blamed rising competit...
Tande's term as MD of East African Portland Cement extended, Kenya
Kephar Tande's term as managing director of East African Portland Cement Co (EAPCC) has been renewed for a further three years. Industrialization and Enterprise Development Cabi...