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Business and Development

Dangote bids for Struggling Kenyan Company

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Aliko Dangote bids ARM Cement - Rhino Cement Kenya

ARM Cement – Rhino Cement Kenya

Aliko Dangote, Africa’s richest man and owner of Dangote cement in Nigeria, has revealed to be among bidders for Kenya’s struggling ARM Cement; a cement maker company currently under the administration of accounting firm Price water house Coopers (PwC).

The Nigerian businessman, without naming the acquisition target; which in his opinion fits the ARM company, said he is in talks over buying it. “There is a company which has operations in Tanzania, Kenya, and Rwanda which we are in talks with to see if we can take it over,” he adds.

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