SAVANNAH CEMENT LIMITED TENDER JULY 2024 

CALL FOR EXPRESSION OF INTEREST

IN THE PURCHASE OF THE BUSINESS AND ASSETS OF SAVANNAH CEMENT LIMITED (UNDER ADMINISTRATION, IN RECEIVERSHIP). 

The appointed administrator of “Savannah Cement Limited –” Under
Administration, In Receivership” (hereinafter called “the Company” and or
“Savannah”); invites interested local and international buyers to submit their
Expression of Interest (EOI) for the purchase of the business and assets of
the Company under administration & in receivership.
Kindly note that the EOI will be subjected to an evaluation process for the
purpose of shortlisting potential bidders.
GENERAL CONTEXT:
Savannah Cement is a fairly new entrant into the Kenya cement market.
Commissioned in 2012, the company started with an annual production
capacity of 1.5 million tonnes. In 2020, the company commissioned a second
milling line which increased the annual production capacity to 2.4 million
tonnes.
Savannah Cement products include among others- Savannah Cement CEM
IV/B32.5R (Pozzolanic General Purpose Cement) and Savannah Cement CEMI
42.5R (Ordinary Portland Cement). The products conform to Kenya Bureau
of Standards (KEBS) Cement Quality Standards- KS EAS 18-1: 2017. The
products are packed in 50Kgs bags and also in bulk.
Savannah Cement has a well-established customer base in the retail and
corporate sectors of the cement market in Kenya and within the wider East
Africa region.
The quality of products produced is high and the company’s products can be
associated with some of Kenya’s iconic infrastructure such as the SGR Phase
I &II, Outering Road, Kibwezi-Mutomo- Kitui Road. Also, the University of
Nairobi Towers. Nairobi- Southern, Eastern and Western by-passes, Greatwall
Apartments in Athi-River, Kipeto Wind Power Station, Thiba Dam, Thwake
Dam, Freedom Bridge in South Sudan, Karuma Dam in Uganda among many
other projects.
The main raw materials used at the Plant for cement making are Clinker,
Gypsum and Pozzolana. The Plant relied heavily on the use of imported
clinker in order to maintain its premium quality of products and also meet
the stringent requirements of its clientele in the retail and corporate market.
Gypsum and Pozzolana are readily available in the local market.
DETAILS OF ASSETS
Details of assets and properties to be sold may be obtained by the shortlisted/
pre-qualified potential bidders from the office of the administrator on all
working days from 26th August, 2024 up to 6th September, 2024.
DATES OF INSPECTION
The second phase of the sale process will involve site visits for purposes of
viewing and inspection of the plant and other assets of the company -these
visits can be made/arranged from 26th August 2024 up to 6th September
2024.
PROCEDURE OF SALE
The sale process shall be conducted in two stages: (1) a pre-qualification
stage and (2) the request for proposal stage. Only pre-qualified companies
will be invited to submit bid(s)/ offer(s).
DETAILS TO BE PROVIDED BY INTERESTED BUYER
Interested buyers shall submit an EOI which should include the following:
1. General information on the company including main business, country(ies)
of establishment and operation and duration of business activities
including number of staff, turnover, years in business (preferable 5 years
or more;
2. Technical and financial capacities to upgrade and manage Savannah
Cement;
3. Indication on regional or international experience in cement manufacturing
industry or similar sectors

4. A signed statement by a duly authorized representative of the company
attesting that the company is in good financial order, is not bankrupt, is not
having its affairs managed by a court, has or entered into an arrangement
with its creditors, or has not suspended its business, or similar or related
situations;
5. Demonstration of financial capacity to undertake the transaction and
provision of audited financial statements of the last three (3) years; and
6. Contact information: full name of contact person, and address of potential
buyer, telephone number, e-mail address, website. Note: Prices are not
required at this stage
COMMUNICATION, INQUIRIES AND REQUESTS
Any communication, inquiries and requests for additional information should
be directed to the Administrator, Mr. Peter Kahi on:
Email: consult@ke.pkfea.com
Tel: +254(20)4270000/0732144000
SUBMISSION OF EXPRESSION OF INTEREST
EOI should clearly be marked “Expression of Interest – For purchase of the
business and assets of Savannah Cement Limited (Under Administration,
In Receivership)” prepared in English and submitted in sealed envelopes
presented in three (3) hard copies, one of which is an original, should be
delivered and addressed to:
Peter Kahi
Administrator
Savannah Cement Limited (Under Administration, In Receivership) c/o
PKF Consulting (K) Limited
Kalamu House- Grevillea Grove, Westlands
P O Box 14077-00800
Nairobi, Kenya
Submission by email is not allowed.
The interested buyers shall bear all costs associated with the preparation and
submission of their EOI including, without limitation, all costs and expenses
related to interested buyer’s involvement in:
1. Participation at any conference;
2. Site visit;
3. All other information gathering processes;
4. Scheduled and/or additional meetings; and
5. The preparation of responses to questions or requests for clarification
from the administrator and/or other stakeholders

LAST DATE
The EOI should be submitted, duly filled and signed by the interested buyers
not later than 4:00 PM on 16th August 2024 in the Office of the administrator,
located at Kalamu House, Grevillea Grove, Westlands-Nairobi-Kenya.

 

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