KEY POINTS Nairobi Business Ventures was the top gainer of the day on Thursday at the Nairobi Securities Exchange (NSE) with 6.09 percent at the price of 7.32 shillings per share. Nairobi Business Ventures was the top gainer of the day on Thursday at the Nairobi Securities Exchange (NSE) with 6.09 percent at the price […]
Nairobi Business Ventures (NBV) plans to break ground on a cement manufacturing plant in Mavoko, Machakos County by end of the year after shareholders approved a proposal to buy Delta Cement. The Nairobi Securities Exchange (NSE) listed firm was recently taken over by Delta International FZE, which is transforming it from shoe retailing to cement […]
A stockbroker at the Nairobi Securities Exchange trading floor. FILE PHOTO | NMG Foreign investors at the Nairobi Securities Exchange (NSE) recorded net inflows of Sh242.3 million last week, reversing the previous week’s net outflows of Sh208.5 million as they bulked up on Safaricom and large banks’ shares. Their buying activity, combined with higher participation […]
Scale model of a skyscraper Construction. Kenya’s cement consumption has more than doubled over the last decade, driven by mega infrastructure projects as well as individual homes. In 2010, local cement consumption stood at 3.1 million tonnes. This has steadily risen to 7.3 million tonnes by last year, and this year, growth margins seen over […]
Bamburi Cement has secured lucrative government contracts for the supply of cement for key infrastructure projects in the region as part of efforts to staying afloat in a competitive cement market that has seen its net profit drop by 80 per cent in five years. The East African reports that Bamburi (Holcim group) has won […]
Kenya’s Bamburi Cement has recorded a 21 per cent YoY growth in turnover to KES19.6bn (US$178.45m) for the first half of 2021, compared with KES16.2bn in the 1H20. Pre-tax profit also surged to KES1.1bn from KES213m. The company attributed the results to a recovery of the cement market, with domestic and export volumes rising while […]
Bamburi Cement Group has published its half year unaudited financial statements in which it posted strong growth in both topline and pretax profit. Compared to the first half of 2020, topline grew by 21% while pretax profit grew more than five times over, to Kes 1.1 billion, up from Kes 213 million reported in the […]
Nairobi — Bamburi Cement Group has posted strong growth in both topline and pretax profit. Compared to the first half of 2020, topline grew by 21 percent while pretax profit grew more than five times over, to Sh1.1 billion, up from Sh213 million reported in the same period last year. The cement maker attributes the […]
Bamburi Cement factory in Athi River. PHOTO | FILE Bamburi Cement has secured lucrative government contracts for the supply of cement for key infrastructure projects in the region as part of efforts to staying afloat in a competitive cement market that has seen its net profit drop by 80 percent in five years, with shareholders […]
Houses of Tomorrow Houses of Tomorrow (HoT), an innovative and green construction project, has been launched in Kenya by Bamburi Cement limited , an industrial company in the East African country specializing in cement and concrete production, in a bid to fulfill its sustainable construction agenda through low-carbon based building solutions. The project involves careful […]
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