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    Lawrence Masha resigns as Tanga Cement board chairman

    By Josephine Christopher

    Josephine Christopher was a business reporter for The Citizen and Mwananchi newspapers

    Mwananchi Communications Limitted

    What you need to know:

    • In October 2021, Scancem International DA (Scancem) – a subsidiary of Heidelberg Cement AG, which owns Twiga Cement – and AfriSam Mauritius Investment Holdings Limited, owner of Tanga Cement, issued a joint statement that they had finalised the terms upon which the former would acquire a 68.33 percent stake in Tanga Cement.

    Dar es Salaam.

    Former lawmaker and prominent entrepreneur Mr Lawrence Masha has quit the board of Tanga Cement Company Limited (TCPLC), ending a career that spanned more than nine years at the Dar bourse-listed company.

    A statement by the cement manufacturer to the Dar es Salaam Stock Exchange (DSE) said the Deputy Chairman, Mr Patrick Rutabanzibwa had replaced Mr Masha in board changes that took effect immediate