Holcim to sell its cement businesses in Tanzania and Uganda
18 November 2023
Swiss cement-maker Holcim has announced plans to sell its subsidiaries in Tanzania and Uganda.
Hima Cement, the Ugandan business, will be sold to local conglomerate Sarrai Group for $120m.
Holcim will sell its 65% share in the Mbeya Cement Company in Tanzania to Amsons Group for an undisclosed amount.
Martin Kriegner, Holcim’s regional head, said: “These divestments advance our strategy to consolidate our leadership in core markets as the global leader in innovative and sustainable building solutions.
“With the Sarrai Group and Amsons Group, we are pleased to have found strategic and trusted partners who are best positioned to develop these businesses in the long term.”
The two divestments are subject to regulatory approval.
Related
-
RWE secures environmental nod for 1,277 MWh solar-storage project in Chile
3 August 2025
-
Afreximbank backs 1 GW floating solar project in Zimbabwe
3 August 2025
-
OpenAI, Nscale and Aker to build massive ‘Stargate’ datacentre in Norway
3 August 2025
-
Portugal to hold energy storage auction before January 2026
1 August 2025
-
Botswana signs MoU with Turkish firm for Mosetse–Kazungula–Livingstone rail project
1 August 2025
-
Lyten secures $200 million to buy Northvolt's energy storage assets
31 July 2025