ARM Cement completes takeover of Kigali firm after 65pc stake buyout

Cement maker ARM has taken full control of Rwandese company Kigali Cement, giving the fast-expanding manufacturer a stronger foothold in East Africa’s fourth largest economy.
ARM Cement, which already owned 35 per cent of Kigali Cement, revealed in its newly released annual report that it has bought out shareholders who previously held a combined 65 per cent stake in the Rwandese manufacturer.

The transaction giving ARM full control of Kigali Cement was finalised in April.