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ARM Tanzania assets sale raises Sh2 billion surplus

The sale of ARM Cement’s assets in Tanzania raised funds that paid all the claims of creditors in that market and left a surplus of Sh2.3 billion. ....

United Kingdom , Pricewaterhousecoopers Pw , Pradeep Paunrana , Narendra Raval , Absa Bank Kenya , Maweni Limestone Ltd , National Cement Company , Stanbic Bank At Sh , Bank Kenya , Huaxin Cement , Stanbic Bank ,

ARM Cement creditors suffer Sh11 billion loss

Lenders and unsecured creditors of the collapsed ARM Cement lost Sh11.5 billion during the distribution of proceeds after liquidation of the firm. ....

Nairobi Area , United Kingdom , Pricewaterhousecoopers Pw , Pradeep Paunrana , Narendra Raval , Aliko Dangote , Absa Bank Kenya , National Cement Company , British International Investment , Stanbic Bank At Sh , Bank Kenya , Nairobi Securities Exchange , Sayani Investments , Stanbic Bank , National Cement , Maweni Limestone , Business Daily , Amanat Investments , Arm Cement ,