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ARM Cement takes on Dangote with new Kitui factory

Pradeep Paunrana Managing Director Athi River Mining gestures during a press briefing. Photo/FILE

ARM Cement is set to build Kenya’s biggest plant in Kitui County, setting it up for a fight with Africa’s richest man Aliko Dangote who plans to open a Sh34.8 billion ($400 million) plant in Kenya.

The Nairobi bourse-listed firm will raise up to $300 million (Sh25.5 billion) to fund new plants including the planned unit in Kitui that will produce 8,000 tonnes of cement per day.

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