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Businessman seeks to upstage Tanzania firm in Bamburi buyout

 

Bamburi Cement trucks collect cement from a Silo storage facility in Industrial Area Nairobi. [Stafford Ondego, Standard]

One of the founders of troubled Savannah Cement has made a counteroffer to the owners of Bamburi Cement, setting the stage for a fight with Tanzania’s Amsons Group which in July made an offer to buy Bamburi.

Savannah Clinker, wholly owned by businessman Benson Ndeta, yesterday said it would pay Sh25.42 billion...