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.

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