Tycoons splash Sh133bn in fight for cement market

From left: Devki Group of Companies Chairman Narendra Raval, businessman Sarbjit Singh Rai and Amsons Group Managing Director Edha Nahdi.

Photo credit: File | Nation Media Group

Three tycoons are locked in a battle for control of East Africa’s multi-billion shilling cement industry, embarking on an expansion spree that is stretching their empires across Kenya, Uganda, Tanzania and Rwanda.

Industrialist Sarbjit Singh Rai is the latest to seek an expansion of his cement business in Kenya, after he sought to set up a cement plant in Nyeri at an undisclosed price, according to a regulatory disclosure by the National Environment Management Authority (Nema).

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