Amsons Group has announced a $400 million investment plan over the next three years to drive growth following its $183 million acquisition of over 95% of Bamburi Cement in December 2024.
The Tanzanian-based conglomerate, which completed the acquisition through its Kenyan subsidiary Amsons Industries (K) Ltd, is currently executing a compulsory buyout to acquire the remaining shares, leading to the likely delisting of Bamburi Cement from the Nairobi Securities Exchange (NSE), where it has been listed since 1970.
Amsons Group Managing Director Edha Nahdi emphasized the company’s commitment to maintaining and enhancing Bamburi Cement’s operational standards.
“From the onset, I want to assure Bamburi Cement stakeholders of our commitment to upholding and enhancing the high operating and commercial standards set by Holcim Ltd and Lafarge. That is our promise to our customers, employees, banks, suppliers, and all stakeholders,” Nahdi said.
He confirmed that the existing executive management team, led by CEO Mohit Kapoor, will be retained to ensure continuity. The $400 million investment will include the development of an integrated clinker plant in Matuga, Kwale County.
The acquisition increases Amsons Group’s cement manufacturing capacity to 13,000 metric tons per day, adding to its existing operations through Camel Cement and Mbeya Cement.
Amsons Group, originally an oil importer, has diversified into various sectors, including wheat flour milling, premix concrete production, inland container depots, and transport and logistics, with a significant presence across East and Southern Africa.
Notably, the acquisition also grants Amsons Group a 12.50% minority shareholding in East African Portland Cement.
The acquisition and subsequent investment follow Holcim’s divestiture of its East African assets, part of a broader global restructuring strategy.
