The debt restructuring plan indicates that the DSE-listed cement maker will suspend both interest and principal payments on the Tsh293.32 billion ($116.66 million) loan.
Tanga Cement Plc has received a 16-month loan repayment moratorium from its major shareholder as part of the latest measures to sustain its operations, according to the company’s 2024 annual report.
Details of the debt restructuring plan show that the cement maker, listed on the Dar es Salaam Stock Exchange (DSE), will not make any interest or principal payments on the Tsh293.32 billion ($116.66 million) loan it acquired from Heidelberg Materials AG from August 30, 2025 until December 31, 2026.
