Business & Economy3 stories
Amsons Group, a Tanzanian conglomerate, is undertaking significant expansion in Kenya and the region. Through its subsidiary Kalahari Cement Ltd, the group has acquired a majority 69 percent controlling stake in East African Portland Cement Company (EAPCC) by purchasing the National Social Security Fund's (NSSF) 27 percent shareholding. Amsons Group is also expanding its renewable energy ventures into East Africa, with a particular focus on Kenya, following a Kenya Sh96 billion (US$600 million) deal in Zambia. In a separate corporate move, global fintech firm Montran appointed Wohoro Ndohho as Regional Executive Director for its Africa operations. Ndohho will be based in Nairobi to oversee regional expansion and guide the rollout of systems for central banks and financial institutions.
