This archive report was first published on 11 May 2020.
On August 2018, Athi River Mining (ARM) Cement was placed under administration after it failed to meet its financial obligations. This led to the suspension of its shares from trading on the Nairobi Securities Exchange in the same month.
As of May 8, 2020, the Capital Markets Authority extended the suspension of ARM shares until further notice. The company, which manufactures and sells cement and cement products through its subsidiaries in Kenya, Tanzania, South Africa, and Rwanda, has seen its Kenyan assets acquired by its main rival National Cement in 2019 for KSh5 billion.
ARM also produces fertilizers under the brand name Mavuno. The indefinite suspension of ARM shares from the bourse has been extended several times by the Capital Markets Authority, with the latest extension occurring on May 8, 2020.
