Competition agency gives nod to cement companies’ merger

President Uhuru Kenyatta is conducted on a guided tour of National Cement Company's Simba Cement Clinker Plant when he commissioned the facility in Merrueshi-Mbirikani, Kajiado County.

The Competition Authority of Kenya (CAK) has approved the acquisition of Cemtech Company by Simba Cement Company, paving the way for a merger between the two.

The acquisition will further expand the empire of construction giant Devki Group whose chairman and founder Narendra Raval was last week appointed chancellor of Egerton University.