Bamburi Cement, one of Kenya’s iconic firms, is on sale. And Benson Sande Ndeta, the businessman who was thrust out of another cement firm, believes he can pay Bamburi owners Sh25.41 billion and fly with the eagles.
Mr Ndeta wants to ride on Savannah Clinker, a private limited company he registered in 2019. He believes his offer of Sh70 per share will sway Bamburi shareholders to sell the company to Savannah instead of entrusting it to Tanzania-based conglomerate Amsons Industries, which offered Sh65 per share or a total of Sh23.59 billion.
