According to the Kenyan Wallstreet, the newest entry into Kenya’s Cement Industry; Savannah Cement, is constructing a grinding plant in Kitengela, worth 5 billion Kenyan Shillings.
Savannah Cement whose current production capacity is at 1 million tonnes per year, has a 15 percent market share. This makes it the fourth largest cement firm by market share out of the six cement companies currently operating in Kenya.
While the company plans to expand into the regional markets starting from next year (2020) and benefit from the increased infrastructure spending in neighboring countries, it is also looking to gain from the Kenyan government’s plan to construct affordable houses.
Savannah expects to launch the new plant (which will produce 1.2 million tonnes of cement annually), before the end of the year.
The facility which will be fully automated, will ensure that the company operates efficiently and also produces good quality cement consistently.
Although reports claim that the ownership of Savannah Cement is in dispute, 60 percent of the business is owned by Seruji limited while 40 percent is owned by Savannah Heights, which are both local investors.
Savannah Cement’s Managing Director; Ronald Ndegwa while speaking during the company’s 7th anniversary said, “Savannah cement has been operational for seven years now……Our plans are to continue fulfilling our customers’ need and ensure maximum penetration in the East African market.”
