Tanzania’s Amsons Group has clinched the deal to purchase Bamburi Cement after its rival, Savannah Clinker, backed by Kenyan businessman Benson Ndeta, pulled out of the contest in mysterious circumstances in the wake of fraud charges leveled against its chairman last week.  

The move now paves the way for the Amsons Group, through its local subsidiary, Amsons Industries (K) Ltd to acquire 100 per cent shareholding in the Kenyan cement manufacturer with the backing of the KCB Investment Bank.   

Amsons Kenya Limited was established in June, this year, and is located in Sarit Centre, Nairobi. The company’s directors and shareholders include Ahmed Hassan Abdallah from the United Kingdom, Bobby Sumanth Thammadi from India, and Edhah Abdallah Munif from Tanzania. Additionally, the company’s affairs are managed by Adili Corporate Services Kenya LLP, with a Kenyan secretary overseeing operations.