The Big Story

INSIDE STORY: How Hima cement tax disputes, legal suits and climate pressures pushed Holcim Group out of East Africa 

by Paul Murungi
A photo collage of Holcim Group CEO, Milan Gutovic (Left) and Bamburi CEO, Mohit Kapoor (Centre). On the right is Amsons Group Managing Director, Mr Edha Nahdi, who is pushing for Bamburi takeover.
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When the Swiss Holcim Group first announced its plans in July to sell the Nairobi listed Bamburi Cement business in Kenya to Amsons Group; it raised fear and left many lingering questions among top industry executives on the future of the cement business in East Africa.   This week, the Swiss cement maker announced another major exit from Nigeria after 65 years. The multinational anno

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