Savannah Clinker Limited has withdrawn its bid for Bamburi Cement following arrest of its chairman and managing director, Benson Ndeta, allowing Tanzania’s Amsons Industries to win the bid.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…...
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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.
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