Double blow for cement makers family holdings The East
Sep 28, 2019#0183;#32;Pradeep Paunrana, Athi River Mining Cement Plc exchief executive and major shareholder has lost the Tanzania subsidiary and a case in Kenya seeking to stop the Kenyan operation from being sold. On Thursday, ARM Cement Plc concluded a deal in Tanzania to sell Maweni Limestone Ltd to Chinese firm Huaxin Cement at a cost of 116 million.