Bamburi Cement has lent its parent company Sh3.5 billion at an interest rate of 1.44 percent while its subsidiary took a Sh2.2 billion loan from the building materials conglomerate at an interest rate of 5.41 percent.
The transactions involve Bamburi, its Ugandan subsidiary Hima Cement and finance entities controlled by Switzerland-based LafargeHolcim Ltd which also owns a 58.6 percent stake in the Nairobi Securities Exchange-listed firm.
