November 21, 2017

AFC to Invest U.S.$50 Million in Athi River Mining

ARM intends to use the investment to expand its operations in Kenya and Tanzania, as well as to grow the business regionally.

The investment highlights ARM’s significant growth in earnings and capacity over the last five years as well as its future growth potential.

The President and Chief Executive Officer AFC Mr. Andrew Alli said: “We are delighted to be partnering with ARM to expand its business across the East African region.
ARM is now the second largest cement operator in Kenya as it currently produces approximately 1 million tonnes per annum of cement in Kenya and is constructing an integrated plant to further add 1.5 million tonnes per annum cement capacity in Tanzania.

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