Savannah Clinker Limited has withdrawn its bid for Bamburi Cement following arrest of its chairman and managing director, Benson Ndeta, allowing Tanzania’s Amsons Industries to win the bid.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
- Crypto-assets: the main lessons from African central banks to reconcile innovation, stability, and regulation
- Ivory Coast: SUCAF-CI inaugurates a $30 million high-tech distillery to boost agro-industry
- Ivory Coast: turning diaspora support into a lever for productive investment
- Cameroon: State terminates two road contracts worth around 135 million USD
- Cameroon: SNH injects 215 million USD into the Kribi refinery
- Egypt: annual inflation slightly decreases to 13.4% in April 2026
- In Yaoundé, the Commonwealth leads the reflection on anti-corruption efforts in Africa
- Célestin Njidjou Ngounnoue promoted to Director of Bancassurance and Health Network Development at Wafa Assurance Cameroon
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