Tanzania's industrial conglomerate Amsons Group has made Zambia the latest target of its ambitious regional expansion drive, entering into a $900 million partnership with Lusaka-based Exergy Africa Ltd to develop up to 1,300MW power projects in the country.
The new deal signed in Lusaka on December 10, comes a year since Amsons completed a $180 million majority acquisition of Kenya's Bamburi Cement and a month after it secured a 29.2 percent stake in East Africa Portland Cement (EAPC) for $5.6 million, cementing its growing status as a major player in the regional cement market.
