Chinese Company Bids to Buy One of East Africa’s Largest Cement Companies

Chinese building materials manufacturer Huaxin Cement Company is bidding to buy ARM Cement’s Tanzania subsidiary, Maweni Limestone Ltd., for $116 million, according to a report in Construction Kenya.

The deal, still subject to regulatory approval, highlights a key trend in China’s broader investment strategy in Africa where more companies are moving production operations closer to the end consumer rather than shipping basic construction materials, like cement, all the way from China.

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by Eric Olander

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