Delta International FZE is set to enter Kenyas highly competitive cement business. Ahead of the construction of a cement plant, the company is spending SOS 83 Million to acquire an 84 % stake in Nairobi Securities Exchange-listed Nairobi Business Ventures Limited (NASE:NBV) whose shoe retailing business has collapsed. This will give the cement business an automatic status as a publicly-traded firm in a process technically known as a reverse takeover. Existing shareholders of NBV will be squeezed into a 16 % stake in the company which will change its business to cement manufacturing and other industrial undertakings. As a subsidiary of Delta, NBVs listing status will give it visibility besides making it easier to access capital. Delta International has considered entry into capital markets as a strategic move to maximise its expansion and diversification plans in Africa, the shoe retailer said in a circular to shareholders. Once acquired by Delta, NBV shall commence importation of clinker (raw material for cement manufacturing) and progress towards clinker and cement manufacturing with an annual capacity of one million tonnes per annum. Another possible area of expansion shall be glass manufacturing. A total of 415 Million shares will be offered to Delta in the deal expected to be signed on November 7, 2020 a day after the annual general meeting.