ARM Cement was placed under administration with debts of about Ksh 20 billion.

ARM Cement Set for Final Closure Amid Ksh11.8B Debt

Eight years after it was placed under administration, ARM Cement Limited is preparing to formally close its business as liquidators work to resolve...

SABRINA BT2 Mins read

President Uhuru Kenyatta pictured with Devki Group Founder and CEO Narendra Raval. The state has reportedly been considering raising import duties on clinker. [Photo/ NMG]

BUSINESS ECONOMY

Cement Billionaires Gang Up Against Narendra Raval Over Plan to Take Over

The Competition Authority of Kenya (CAK) has advised State House not to implement proposals by Devki Group, billionaire industrialist Narendra Raval's firm, that...

MARTIN SIELE2 Mins read

FEATURED ARTICLE

Billionaire Narendra Raval buys ARM Cement’s Kenya assets for Sh5b

Business tycoon Narendra Raval's National Cement Company has bought ARM Cement's assets for US$50 million (Ksh 5 billion), its administrator was quoted by...

BT Reporter1 Mins read

ARM Cement receives another extension on the suspension of trading of its shares, constituting the longest extension yeat and placing doubts on its recovery plan. www.businesstoday.co.ke

FEATURED ARTICLE

Longer wait for ARM to cement financial results

ARM Cement will not file its financial results in time. The cement manufacturer, which is currently under administration, received approval from the Capital...

Mike Njoroge1 Mins read

FEATURED ARTICLE

ARM suspension from NSE extended by 75 days

The Nairobi Securities Exchange (NSE) has extended the suspension of trading Athi River Mining (ARM) shares as the cement company which is now...

Samuel Gitonga1 Mins read

FEATURED ARTICLE

ARM Cement revival hinges on PwC proposal

Administrators in charge of ARM Cement will ask creditors to allow the cement manufacturer to sell of some of its assets and subsidiaries...

Mike Njoroge1 Mins read

FEATURED ARTICLE

ARM Cement woes deepen with NSE suspension

Cement maker ARM woes deepened on Monday after the Nairobi Securities Exchange (NSE) suspended trading of the company’s shares days after the company...

Samuel Gitonga2 Mins read