Cement industry news from Kenya
In Kenya, Seruji Limited, a subsidiary of Lafarge’s Bamburi Cement, has reportedly received a US$5 million loan from TriLinc Global, a US firm that lends to small emerging-market businesses. The loan is set to mature on 17 March 2015.
Seruji Limited is listed as a distributor and producer of cement, according to a TriLinc statement that says: “the borrower is a growing Kenyan cement distributor that utilises cutting-edge energy efficient and eco-friendly cement grinding technology to improve sustainability”.
Elsewhere in Kenya, it is being reported that Kitui County Government has threatened to revoke Athi River Mining’s prospecting licence. The cement producer is accused of trying to buy land directly from residents without involving the county government.
“Investors are welcome but they must follow the law and county regulations. Our position remains that investors will only be allowed to lease land,” said Environment, Energy and Minerals Executive George Mulatya.