Tanzanian tycoons step up acquisitions of Kenyan companies
In 2024, Tanzanian businessman Edha Nahdi, the Managing Director of Amsons Group, acquired Bamburi Cement in a deal that strengthened the group’s presence in Kenya’s construction sector. Kenya breaking news | Kenya news today |..
✨ Key Highlights
Kenyan companies are witnessing a surge of interest from Tanzanian billionaires, marked by significant acquisitions in recent months. This trend highlights a growing investment flow from neighboring Tanzania into Kenya's key economic sectors.
- Tanzanian billionaires, including Edha Nahdi and Rostam Azizi, have acquired controlling stakes in prominent Kenyan companies.
- Notable acquisitions include Bamburi Cement by Amsons Group and Nation Media Group by Taarifa Ltd (controlled by Azizi).
- Amsons Group has also increased its stake in East African Portland Cement Company to 69 percent.
Continue Reading
Read the complete article from Capital Business
Part of the Day's Coverage
KRA Names Ex-Military Chief to Head Intelligence Operations - March 2026
The Kenya Revenue Authority (KRA) has appointed Mohamed Abdul M'maka, a former military intelligence chief, as the new Commissioner for Investigations and Enforcement. This appointment is aimed at bolstering the KRA's capacity to combat tax evasion and revenue leakages. Separately, Kenyan companies are witnessing a surge of interest from Tanzanian billionaires, with significant acquisitions in recent months highlighting growing investment flow from Tanzania into Kenya's key economic sectors. Meanwhile, Kenya's Real Estate Investment Trusts (REITs) market capitalization has surged dramatically, nearly tripling to Sh24.6 billion in the past five years, signaling robust investor interest in accessible real estate investment opportunities. A Kenyan reform lobby group, Kuna Dawa, is proposing a constitutional amendment to replace the National Treasury with a new National Economic Council to streamline national development and public finances.
