Amsons Group is a prominent Tanzanian conglomerate with diversified investments in sectors such as construction, transportation, cement, and food processing.
The company employs over 10,000 people and is known for its commitment to local economic growth.
Recently, Amsons announced plans to invest $320 million in a new cement plant in Tanga, Tanzania, and aims to acquire Kenya’s Bamburi Cement.
When was Amsons Group founded?
Founded in 2006 in Tanzania, Amsons Group began as a bulk oil and petroleum importer under the Camel Oil brand.
Over the years, it has diversified into various sectors, including cement manufacturing, with operations like the Camel Cement plant in Dar es Salaam and the recently acquired Mbeya Cement facility.
The group is currently expanding its footprint in East Africa, planning a $320 million integrated cement plant in Tanga.
Amsons Group ownership
Amsons Group is a family-owned business conglomerate founded in 2006 in Tanzania, primarily managed by Edha Nahdi, the Managing Director.
Edha began his business career at just 19, initially importing bulk oil under the Camel Oil brand.
He has since expanded the company’s portfolio to include cement, real estate, and transportation, significantly contributing to its growth into a billion-dollar enterprise.
Edha gained recognition as the African Young Business Leader of the Year in 2015.
Amsons Group’s acquisition of Bamburi Cement
Amsons Group is in the process of acquiring Bamburi Cement, a significant move aimed at expanding its footprint in the East African cement market.
In July 2024, Amsons made a binding offer of Ksh 23.9 billion ($185.27 million) for a 100% stake in Bamburi through its subsidiary, Amsons Industries (K) Ltd.
Recently, the acquisition received crucial regulatory approvals from the COMESA Competition Commission and Tanzanian authorities, confirming it poses no competition risks.
This acquisition marks one of the largest investment deals in East Africa, enhancing Amsons’ production capacity and market presence.
Bamburi Cement, currently majority-owned by Holcim, has an annual production capacity of 3.2 million tonnes, and the deal represents a strategic step for Amsons to deepen its investments in Kenya.
On December 4, 2024, Capital Markets Authority (CMA) announced that Savannah Clinker Limited, a Kenyan company, has withdrawn its offer for acquisition of Bamburi Cement, noting that Amsons Group’s bid remains valid.
