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Narendra Raval's West Pokot plant and Edha Nahdi's Kwale project commit roughly Sh77 billion ($600m) to clinker, the input East Africa has always imported. Now Sarbjit Singh Rai has filed for a third plant in Nyeri.
Forbes lists one Tanzanian billionaire. Three others have committed hundreds of millions to acquisitions in the past two years, exceeding their published valuations.
Tanzanian tycoon Edhah Abdallah Munif's investments in Kenya's two biggest cement companies are already paying off handsomely, with both posting sharply improved financial results.
Tanzania's Amsons Group is in advanced talks to acquire Geneva-based Oryx Energies for $250 million, including its Tanzania fuel and LPG assets.
Amsons Group CEO Edha Nahdi told the Africa CEO Forum in Kigali that African businesses must stop depending on foreign donors and take ownership of the continent's development financing.
Tanzanian billionaire Edha Nahdi has pledged $35 million to build 10 Level 4 mother-and-child hospitals across Kenya in the largest private health grant in the country's history.
Inside Edha Nahdi’s 20 key businesses, from fuel and cement to logistics and smart grid technology, as Amsons expands across East Africa.
Kenya’s competition watchdog cleared Amsons executive Edha Nahdi’s firm to buy NSSF’s Portland Cement stake, with an 18 month job lock.
Amsons Group will inject Sh25.8bn ($201.7m) into East Africa Portland Cement, aiming to lift output to 4 million tonnes within three years.
Africa’s richest investors are back in build mode, writing nine figure cheques for refineries, cement, power, AI infrastructure and gold.
From Lagos to Casablanca, homegrown moguls turned limestone into fortunes, reshaping Africa’s cement map and building booms.
Edha Nahdi’s Bamburi Cement signed a $250 million EPC deal with China’s Sinoma to build a 1.6m-tonne clinker plant on Kenya’s coast, manufacturing boost.
Tanzanian tycoon Edha Nahdi’s Kalahari Cement moves to buy NSSF’s Sh1.6 billion stake in East African Portland, tightening its grip on Kenya’s cement market.
Bamburi Cement, now owned by Edha Nahdi’s Amsons Group, has launched a new concrete plant in Mombasa to meet rising demand and fuel its recovery.
Bamburi Cement, recently acquired by Tanzania’s Amsons Group, reported a $7 million net loss in 2024, driven by forex losses from the sale of its Ugandan unit.
The $380 million investment will boost Kenya’s manufacturing, create jobs, and support AfCTA goals.