Athi River Mining posts 17% first-quarter pretax profit
Kenya's Athi River Mining posted a 17 per cent rise in first-quarter net profit, helped by higher production and growing demand. Net income increased to KES258.2m (US$3.1m) in...
Kenya
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Kenya: cement makers gamble on growing demand
Cement makers in Kenya are hoping demand from the housing sector, infrastructure and exports will sustain steady growth in consumption of the commodity in the local market. ...
Kenya: NSSF faces off with Lafarge over board seat at Bamburi
National Social Security Fund (NSSF) is set to open a fresh fight with French conglomerate Lafarge over the control of Bamburi Cement as it demands a seat on the cement maker’s...
East African Portland Cement shares reinstated, Kenya
Kenya's Capital Markets Authority has re-admitted shares of East African Portland Cement after a two-month suspension, saying doubts about the firm's ability to run its busines...
Pokot Factory scheduled for completion at end-2013, Kenya
A new 1.2Mta cement factory being constructed in the Pokot region of Kenya, will be completed within the next 15 months, Rajesh Kumar Rawal, director of the Cemtech Sanghi Grou...
Athi River Mining: East Africa expansion
Kenya-based cement producer Athi River Mining (ARM) earlier this week reported a significant rise in 2011 cement sales on the back of new domestic cement capacity. The company ...
Athi River pretax profit rises, Kenya
Kenya-based firm, Athi River Mining, posted a 23 per cent rise in 2011 pretax profit to KES1.36bn (US$16.4m), the company said while net profit came in at KES1150m. Turnov...
Athi River calls for Kaloleni reopening, Kenya
Athi River Mining has appealed to the National Environment Management Authority (Nema) to re-open its factory at Kaloleni in Kilifi County, saying they have met all the conditi...
Bamburi Cement uncertain on 2012 outlook
Bamburi Cement, a unit of Lafarge, reported a 28 per cent rise in 2011 turnover supported by sales from its Ugandan unit but warns its performance this year could be affected b...
High Court blocks appointment of new chairman, Kenya
A High Court Judge has blocked President Kibaki's appointment of new East African Portland Cement (EAPCC) chairman Dr Isaac Mpapaluu ole Mepenay pending a ruling on March 16, A...