Sale of ARM Tanzania assets raises $19m surplus
Kenyan creditors suffered substantial losses in the liquidation of the cement manufacturer.
Source: theeastafrican.co.ke
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ARM Cement creditors suffer Sh11 billion loss
Lenders and unsecured creditors of the collapsed ARM Cement lost Sh11.5 billion during the distribution of proceeds after liquidation of the firm.
Source: businessdailyafrica.com
Kenyan cement makers eye massive DR Congo market
EAPCC, Bamburi and National Cement are among firms that own their own clinker plants, while Savannah Cement, imports clinker.
Source: theeastafrican.co.ke
Regulator fights tycoon's plan in cement price war
Competition watchdog says Devki’s proposal to raise clinker import duty risks hurting rivals, raising prices of commodity.
Source: businessdailyafrica.com
Steel tycoon invests Sh1.8bn in fertiliser after ARM deal
Steel tycoon invests Sh1.8bn in fertiliser after ARM deal Tuesday June 01 2021 By BONFACE OTIENO The investment will triple the plant’s production capacity to 300,000 metric tonnes of fertiliser annually. The upgrade of the fertiliser blending plant comes less than two years after Mr Raval’s, National Cement Company, paid Sh5 billion to complete the purchase of ARM Cement assets in Kenya. The fertiliser division was the third arm under ARM Cement. Athi River has other business divisions producing cement, chemicals and industrial minerals. “The total cost of investment in this project is...
Source: businessdailyafrica.com