# Twiga Cement acquires 95% stake in Mamba Cement for $16M

Tanzania Portland Cement Co (Twiga Cement) acquired a 95% stake in limestone extractor Mamba Cement Company for TZS42 billion ($15.94 million) from Sura Holdings Ltd. The acquisition secures access to limestone reserves for cement production.

- Type: Acquisition
- Announced: 2025-06-24
- Where: Dar es Salaam, Tanzania
- Value: $15.9M
- Status: completed
- Products: limestone, cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Tanzania Portland Cement](https://endata.com/companies/54542.md) (acquirer)
- [Mamba Cement Company](https://endata.com/companies/85535.md) (target)
- [Sura Holdings Ltd](https://endata.com/companies/85536.md) (investor)

## Sources

- [cemnet.com](https://www.cemnet.com/News/story/179382/twiga-cement-acquires-limestone-firm-mamba-for-us-16m.html), 2025-06-24: "During the year, TPC Plc acquired a controlling interest in Mamba Cement Company Ltd, a company whose principal activity is to extract limestone."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.