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News Savannah Cement’s creditors approve plan to seek buyer for Kitui cement plant

Savannah Cement’s creditors approve plan to seek buyer for Kitui cement plant

Written by Global Cement staff 23 April 2024
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Kenya: Savannah Cement’s creditors voted in favour of administrator Peter Kahi’s debt reduction plan for the company on 16 April 2024. Kahi’s plan involves leasing out the site of the company’s Kitui plant, while also seeking a buyer for it.

Business Daily has reported that the Office of the Attorney General has declared Kahi's reappointment as administrator of Savannah Cement on 24 January 2024 as invalid.

Last modified on 08 May 2024
Published in Global Cement News
Tagged under
  • Savannah Cement
  • administration
  • Debts
  • land
  • land lease
  • Sale
  • Finance
  • Government
  • lease
  • land sale
  • GCW656
  • Kenya

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