Bamburi Cement, a prominent East African cement firm partly owned by Kenyan industrialist Baloobhai Patel, has settled 60 percent of its tax …
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Bamburi Cement
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Patel, a Kenyan multimillionaire with diverse investment interests, owns a 4.12-percent stake in Bamburi Cement.
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In 2022, Patel acquired an additional 7.9 million shares worth $2.52 million in Bamburi Cement.
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Patel also owns stakes in Carbacid, Absa Bank Kenya, Co-operative Bank and Safaricom.
- East Africa
Kenyan Court of Appeal dismisses board of Benson Ndeta’s Savannah Cement
by Ishioma Emiby Ishioma EmiThe move comes after protracted legal battles over the insider purchase of a share in the company.