Kenya: ARM Cement is moving to wind up its operations as administrators work to finalise liquidation proceedings, according to Capital Business. The company faces US$91m in outstanding debt and unresolved tax issues in Kenya, Tanzania, and Rwanda. Joint administrators Muniu Thoithi and George Weru said the closure will be managed carefully to settle outstanding liabilities, pay creditors and shut down its subsidiaries.
“In this regard, the liquidators will be engaging with the Kenya Revenue Authority (KRA) with a view to adjudicating upon and ultimately settling the dividends due in respect of these liabilities. We expect to resolve this matter by June 2026,” the administrators said in a report.
Most of ARM Cement’s tax matters in Kenya have been addressed, but the company continues to work with the KRA to confirm full compliance with insolvency laws. Outside of Kenya, remaining obligations involve the Tanzania Revenue Authority and the Rwanda Revenue Authority, linked to asset sales, including Kigali Cement in Rwanda.
