Economic recovery lifts Bamburi Cement profit

Bamburi Cement factory in Mombasa.

Bamburi Cement factory in Mombasa. The firm’s turnover for 2021 went up 19 percent to $414 million from $349 million the previous year. PHOTO | FILE | NMG

Bamburi Cement posted a net profit of $14 million in 2021, up from $11 million the previous. The rise was driven by increased sales volume in Kenya and Uganda on account of a solid performance in retail and key accounts segments.

The significant increase is also attributed to the continued economic recovery from the impact of the Covid-19 pandemic.