THE FUSE

Tanzanian billionaire Edha Nahdi's audacious bet on Kenya's cement sector is delivering returns at a pace that has surprised even those who followed his acquisitions closely. His two Kenyan cement investments, East African Portland Cement and Bamburi Cement, both reported sharply improved financial results in their most recent full-year accounts, validating a strategy that attracted significant regulatory scrutiny and parliamentary opposition when he first assembled the positions.