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HomebusinessTanzanian Company Set to Acquire Bamburi Cement for Ksh 23 Billion 

Tanzanian Company Set to Acquire Bamburi Cement for Ksh 23 Billion 

Amsons Group, a Tanzanian manufacturing and energy company, is set to acquire up to a 100% stake in Kenya’s Bamburi Cement for $180 million, approximately Ksh 23.2 billion.

The firm has made a binding offer, making the transaction one of the largest investment deals in the East African Community (EAC), demonstrating the group’s intention to engage in one of Kenya’s main blue-chip companies listed on the Nairobi Securities Exchange (NSE).

Amsons Group, through its Kenyan subsidiary Amsons Industries Limited, has offered a public buyout offer of Ksh 65 per share, valued at almost Ksh 23.2 billion.

According to the Tanzanian company, this acquisition will strengthen Amsons’ footprint in the East African cement business and is a key step toward regional economic development and market integration.

“We have exciting plans to increase our investment in Kenya and Bamburi,” stated Amsons Group Managing Director Edha Nahdi.

Amsons’ cash offer represents a premium above the current Bamburi Cement share price on the NSE. ‘ cash offer represents a premium above the current Bamburi Cement share price on the NSE.

Amsons Group, founded in 2006, has expanded its operations beyond bulk oil and petroleum products, now producing 6,000MT/day cement.

The business also runs a 500MT/day wheat flour milling plant, a cutting-edge concrete plant, and large logistics and petroleum operations in numerous African countries.

The group’s latest acquisitions include the Mbeya Cement factory in Tanzania, which it purchased from Holcim to boost its cement manufacturing capacity.

Martin Kriegner, Holcim’s Regional Head of Asia, Middle East, and Africa, expressed trust in Amsons Group as a strategic partner capable of long-term business development for Bamburi Cement.