Tycoon Plans $720 Million East Africa Cement-Investment Push
- Amsons to invest $320 million in Tanzania cement plant
- Nahdi family’s Amsons has also bid for Holcim’s Bamburi Cement
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Amsons Group plans to build a $320 million cement plant in Tanzania and will invest a further $400 million in a Kenyan manufacturer owned by Holcim AG if its bid for the company is successful, growing its presence in East Africa.
The new facility planned by Amsons, owned by the family of Tanzanian tycoon Abdallah Nahdi, will be in northern Tanzania’s Tanga area and have the capacity to produce 5,000 tons daily, the company said in an emailed statement.