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News Mbeya Cement to reshuffle corporate structure

Mbeya Cement to reshuffle corporate structure

Written by Global Cement staff 08 November 2023
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Tanzania: Mbeya Cement plans to reform its board of directors and appoint a new chair. The measures are part of an agreement between the government and other shareholders, including Zambia-based Lafarge Cement. Daily News has reported that the government helped Mbeya Cement to pay off US$67.9m-worth of debt.

Holcim’s East and South Africa area manager Rajesh Surana said “It is another milestone as we today sign the agreement on behalf of other shareholders, aimed at ensuring that Mbeya Cement operates on profit to rebuild growth for improved performance.”

Published in Global Cement News
Tagged under
  • Tanzania
  • Mbeya
  • corporate
  • GCW633
  • Government
  • Lafarge Zambia
  • shareholders
  • Holcim
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