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Originally published by The Standard Business
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October 7, 2025
4h ago

Regulatory gaps, discounts: Red flags mount over EAPC stake sale

Regulatory gaps, discounts: Red flags mount over EAPC stake sale

A parliamentary committee probing the proposed sale of a substantial stake in East Africa Portland Cement has uncovered alarming irregularities...

✨ Key Highlights

A parliamentary committee investigating the proposed sale of a significant stake in East Africa Portland Cement (EAPC) has identified major irregularities. Concerns include a substantial share discount and the lack of regulatory approvals for the transaction.

  • Kalahari Cement Ltd, owned by Tanzanian tycoon Edhah Abdallah Munif, seeks to acquire 29.2 percent of EAPC's stake for Sh718.5 million.
  • The National Assembly’s Committee on Trade, Industry, and Cooperatives highlighted the "glaring absence of approval from key government agencies."
  • The core issue revolves around a massive discount on the shares and critical omissions in the regulatory process.

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