ARM Cement’s $140mn investment

In a bid to reduce its debt, ARM Cement of Kenya has revealed that it has managed to obtain an investment of US$140 million (€122.27 million) from UK government-owned development finance institution CDC Group. Of the total, $110 million is for debt financing and the rest will go to capital expenditure.
May 9, 2016 Read time: 1 min

In a bid to reduce its debt, 7789 ARM Cement of Kenya has revealed that it has managed to obtain an investment of US$140 million (€122.27 million) from UK government-owned development finance institution CDC Group.

Of the total, $110 million is for debt financing and the rest will go to capital expenditure.

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