Economy & Market
Bamburi Cement expects better year ahead
Bamburi Cement, a subsidiary of Lafarge, is expecting better growth in 2014. With diffusing political tensions, the company expects growth in the export market and a relief from tight margin pressure. The company is looking forward to infrastructural growth driven by the €2 billion bond issued by the Kenyan government. Uganda has introduced automatic tariff adjustments with a reduction in base tariffs in January 2014. This will help reducing energy costs.