Nile Fibreboard

Hima Cement investor, Sarrai Group is set to take over and re-develop Kilembe Mines based in Kasese District after signing a new agreement with the government.  Hima Cement which is also based in Kasese District was acquired by Sarrai Group last year at a transaction value of USD 120 million. The investor signed a mineral production sharing agreement on March 3rd with Energy Minister Ruth Nankabirwa, and Finance Minister Matia Kasaija representing government as signatories.  Sarrai Group Ltd and Nile Fibreboard Ltd emerged as the best bidders out of the 14 firms that expressed interest.  According to Minister Nankabirwa, this…