Higher Taxes on Materials Weigh Down Construction Industry
A bag of cement this December costs about KSh 830 up from KSh 750 in December 2023 amid concerns that limestone and additives used in manufacturing could lose their zero [...]
Savannah Clinker Withdraws Bamburi Cement Takeover Bid
Savannah Clinker Limited has withdrawn its competing offer to acquire listed cement manufacturer Bamburi Cement Plc, the Capital Markets Authority (CMA) announced on December 4, 2024. To facilitate reconciliation, the [...]
Bamburi Cement Owner Holcim Sells Nigerian Unit for US $1bn
Holcim AG, a Swiss building materials company and the majority shareholder in Bamburi Cement, has signed an agreement to sell its entire Nigerian business to Chinese firm Huaxin Cement for [...]Capital Markets Regulator Licenses Future Construct as REIT Manager
The Capital Markets Authority (CMA) of Kenya has granted Real Estate Investment Trust (REIT) Manager License to Future Construkt Investment Managers Ltd, a subsidiary of Construkt Africa LLC (Mauritius), a [...]
