Savannah Clinker Limited has withdrawn its bid for Bamburi Cement following arrest of its chairman and managing director, Benson Ndeta, allowing Tanzania’s Amsons Industries to win the bid. In a Wednesday (04.12.24) notice from the Capital Markets Authority (CMA) to Bamburi shareholders, Kenyan based Savannah is no longer in the running to acquire the listed…...
Trending
- AfDB brings African Stock Exchanges together to redesign the continent’s financial architecture
- Amadou Kane appointed president of CESEMAF to revitalize the Senegal-Morocco Dakar axis
- Crypto crime: $2.5 billion stolen in 2025 (record)
- UMOA-Titres: Guinea Bissau raises 8 billion CFA francs under limited conditions
- BIDC grants a 50 million euro credit line to AFG Holding to boost the private sector in the ECOWAS region
- Gabon: the shocking trial of Sylvia, Noureddin and the Young Team
- Handling: Africa Global Logistics Ivory Coast incurs a loss of 427.470 million FCFA in the first half of 2025
- South Africa: Telkom records a 16.4% increase in its half-year profit
Savannah Clinker withdraws bid for Bamburi Cement on CEO arrest, Tanzania’s Amsons wins
Muthoga Mungania
Muthoga Mungania is an award-winning, Nairobi-based multimedia journalist covering economic, corporate, financial, tech and investor relations matters among other business stories. Muthoga is seasoned in data and market analysis, corporate finance, and economic trends, making them a trusted voice in East African business journalism, communications and consultancy.
Add A Comment
About us
Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
Contact us: redaction@financialafrik.com