Foreign investor to inject Sh12.8b into ARM

Melanie Musanga Wituku(right) being offered bags of cement worth 1m by Dauglas Miheso(left) the Group Environment Manager from ARM Cement Ltd at Kakamega Golf Hotel Grounds on 18th/March/2015. This is part of the NCA efforts to award women who are taking part in construction works. She has been promised a tour to South Africa, later this year. PHOTO BY CHRISPEN SECHERE.

Kenya’s second largest cement maker ARM Cement Ltd is eyeing  a US$125 million (Sh12.8 billion) investment from an international institutional investor should the ongoing negotiations succeed.

ARM, the makers of Rhino Cement, said details of the deal, under which a foreign investor is expected to make multi-billion equity investment in the NSE-listed cement company, will be made available to the shareholders and the public soon.