NBV cement plant held back by funding delays

NBV chief executive Vasu Abotula. PHOTO | DIANA NGILA

Nairobi Business Ventures (NBV) is yet to secure funds for setting up a cement manufacturing plant delaying the company’s turnaround plan through product diversification.

The company’s net profit for the year ending March 2022 jumped 53 percent to Sh50.6 million on aviation, vehicle servicing, and trading revenues but had no income from the cement business.

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