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News Twiga Cement acquires Mamba Cement stake

Twiga Cement acquires Mamba Cement stake

Written by Global Cement staff 25 June 2025
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Tanzania: Tanzania Portland Cement Company (TPC), also known as Twiga Cement, has acquired a 95% stake in limestone extractor Mamba Cement from UAE-based Sura Holdings for US$15.9m. The acquisition secures access to major limestone deposits 125km from the TPC plant in Dar es Salaam, addressing limited reserves at its current Tegeta–Wazo Hill quarry. Twiga Cement said “The acquisition was done with the intention of vertical integration of Mamba Cement’s operations with TPC.”

TPC recorded a net profit of US$21.5m in 2024, down from US$37.6m in 2023. Sales fell by 8.5% year-on-year to US$170m, while clinker production declined by 1% and cement output rose by 0.3%. The dividend is expected to be approved and paid in June 2025. Tanzania’s cement market had 13 plants operating below 60% capacity utilisation as of December 2024.

Last modified on 25 June 2025
Published in Global Cement News
Tagged under
  • Tanzania
  • Twiga
  • Tanzania Portland Cement
  • Limestone
  • Mamba Cement
  • Acquisition
  • Stake
  • Reserve
  • Middle East and Africa
  • GCW715
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