Lafarge Cement Zambia bought off by China’s Huaxin Cement For $150-million
China’s Huaxin Cement is set to increase its footprint in Africa following its recent acquisitions in East Africa (Tanzania) where it bought off debt – laden Athi River Cement – ARM unit, Maweni Limestone Limited through paying off its $116-million worth of obligations and injecting $30-million into the completion and upgrade of its production factory. The Chinese Cement giant has extended to Central Africa as it takes over control of Zambia’s largest cement name, Lafarge Plc for a 3-yard Kwacha equivalent. According to a Stock Exchange News – SENs announcement…
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