Kenya’s ARM Cement counts on shareholder loans for revival

Kenya’s ARM Cement will rely on short-term loans from shareholders to lift production back to capacity and seek a deep-pocketed strategic investor, its chief executive said on Wednesday, as the firm struggles to stem its financial woes. The company, which was once Kenya’s second-largest cement maker behind LafargeHolcim’s Bamburi Cement, has seen its market share plunge to just 10% after the clinker plant it built in Tanzania in 2014 failed to generate income.