“EAPC is a strategic national asset. Allowing it to be used as collateral to fix a failing investment elsewhere is not just bad business, it’s bad policy.”
Through his investment vehicle Kalahari Cement, Munif is purchasing 26.32 million EAPC shares from Swiss multinational Holcim at Sh27.30 each – a staggering 74.5% discount to the market price of Sh47.65 per share.
Benson Sande Ndeta, the proprietor of Savannah Clinker, has been arrested over allegations of a Sh700 million fraud at the company. Ndeta faces multiple charges, including forgery, conspiracy to defraud, obtaining credit by false pretenses, and uttering false documents. The charges were approved by the Office of the Director of Public Prosecutions (ODPP) following investigations […]
‘Guru’ Narendra Raval made his name from being a business genius and in the steel industry through his company Devki Group. Through his company, Devki Group has been expanding his empire into cement business. In 2015, Mr Raval turned down Mr Aliko Dangote’s offer to acquire part of the Devki empire as a means of accessing […]
The makers of Bamburi Cement are hanging on a straw as the firm gets embroiled in a turf war with Kenya Ports Authority(KPA) over their storage facility in Mbaraki Warf. According to sources privy to the silent war yet a big issue, the storage facility that Bamburi uses to store its cement for exporting as […]
