Kenya: Nairobi Business Ventures (NBV) says it intends to buy 11.33 hectares of land in Machakos, near Nairobi, from its subsidiary Shreeji Enterprises Kenya to build a new cement grinding plant. It plans to invest US$140m in the project according to the Business Daily newspaper. A feasibility study for the construction of the plant has been concluded and the preliminary work to establish the plant is currently being conducted.
The former shoe manufacturer announced plans in late 2020 to build a 1Mt/yr cement plant following its acquisition by UAE-based Delta International Holding. The project will run as a grinding unit first before moving to clinker production at a later stage. The company also plans to diversify into vehicle and aircraft maintenance.
