Amsons Group, a Tanzanian conglomerate, is expanding its renewable energy ventures into East Africa, particularly Kenya, following a significant Kenya Sh96 billion (US$600 million) deal in Zambia.

• The deal involves developing a 1 Gigawatt solar power plant in Zambia, the largest in Sub-Saharan Africa, through their subsidiary Africa Power Generation.
• Managing Director Edha Nahdi confirmed that Amsons Group is exploring renewable energy opportunities in Kenya, Tanzania, and Uganda.
• Amsons Group's recent acquisition of Bamburi Cement and a stake in East African Portland Cement strengthens its capacity for power generation expansion in Kenya.

Amsons Group, through its subsidiary Kalahari Cement Ltd, has acquired a majority 69 percent controlling stake in East African Portland Cement Company (EAPCC) after purchasing the National Social Security Fund's (NSSF) 27 percent shareholding.

• The transaction was approved by the Capital Markets Authority, the Competition Authority of Kenya, and the Ministry of Mining.
• Amsons Group aims to triple EAPCC's production capacity within three years and build a new clinkerization plant, expecting to create thousands of new jobs.
• EAPCC has reported financial losses for 13 consecutive years, with dividends this year stemming from land sales rather than operational profits.
• Amsons Group previously acquired Bamburi Cement in December 2024, which has since seen a double-digit increase in EBITDA.
• The group is also constructing a USD 300 million Hanjin clinker facility in Kwale County, expected to create over 1,000 direct jobs.

Global fintech firm Montran has appointed Wohoro Ndohho as Regional Executive Director for its Africa operations, as the company aims to expand its presence in a region modernizing financial infrastructure. Based in Nairobi, Ndohho will oversee regional expansion and partnerships, guiding the rollout of systems for central banks and financial institutions.

• Montran's decision to establish a dedicated Africa office follows years of working with institutions to enhance financial system security and speed.
• Wohoro Ndohho brings over 20 years of experience in finance, infrastructure, and investment advisory.
• The new Nairobi office will coordinate operations and client support as governments and financial institutions accelerate investments in digital payments and cross-border integration.