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.

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…

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About the Author

Paul Murungi is a Ugandan Business Journalist with extensive financial journalism training from institutions in South Africa, London (UK), Ghana, Tanzania, and Uganda. His coverage focuses on groundbreaking stories across the East African region with a focus on ICT, Energy, Oil and Gas, Mining, Companies, Capital and Financial markets, and the General Economy.

His body of work has contributed to policy change in private and public companies.

Paul has so far won five continental awards at the Sanlam Group Awards for Excellence in Financial Journalism in Johannesburg, South Africa, and several Uganda national journalism awards for his articles on business and technology at the ACME Awards.

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