Steel tycoon invests sh1.8bn in fertilizer after ARM deal

Steel billionaire Narendra Raval has invested Sh1.8 billion in upgrading the fertiliser plant his firm acquired in the buyout of ARM Cement, marking the tycoon’s latest multibillion-shilling investment. 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 […]

Simba cement gets approval to acquire Cemtech business

The Competition Authority of Kenya (CAK) has approved the acquisition of Cemtech Company Limited by Simba Cement Company Limited. “CAK considered that Cemtech has been dormant for a decade. Its shareholders have been looking a strategic partner to finance construction of a cement plant. The proposed acquisition is therefore expected to resuscitate the dormant firm, […]

President commissions Simba Cement Factory

President Yoweri Museveni has commissioned Simba Cement factory in Mukuju Sub-County in Tororo District in Eastern Uganda.  The factory, which currently employs about 400 workers, was built in two and half years by the Mepani Technical Services, at an estimated cost of US$55 million. It is a second cement factory in Tororo District and its […]