Tuesday, July 22, 2014

Sameer Africa in talks With Asian investor on tire-unit stake

Sameer Africa Ltd., a Kenyan tire maker, is negotiating with an Asian investor to buy 40 percent of its manufacturing unit to fund a plan to boost productivity, Managing Director Allan Walmsley said. The company, based in Nairobi, needs at least 2 billion shillings ($22.8 million) to upgrade its factory in the Kenyan capital to […]

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