Kalahari Cement acquires Sh1.6bn East African Portland Cement stake from NSSF
NAIROBI, Kenya, Nov 26 - Kalahari Cement has acquired a 27 percent equity stake in East African Portland Cement (EAPC) from the National Social Security Kenya breaking news | Kenya news today |..
✨ Key Highlights
Kalahari Cement has acquired a 27 percent stake in East African Portland Cement (EAPC) from the National Social Security Fund (NSSF) for Sh1.6 billion.
- The Share Purchase Agreement involves 24.3 million ordinary shares at Sh66 per share, subject to regulatory approvals.
- Kalahari Cement, a subsidiary of Amsons Group, previously acquired a 29.2 percent stake in EAPC from other entities.
- Despite gaining effective control, Kalahari Cement does not intend to make a takeover offer or delist EAPC from the Nairobi Securities Exchange.
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Safaricom, Mars Wrigley, Kalahari Cement and Urysia Announce Major Expansions in Kenya - November 2025
Safaricom has launched the first KSh15 billion tax-exempt green bond as part of its larger KSh40 billion Domestic Medium-Term Note Programme, aimed at funding sustainable projects. In the manufacturing sector, Mars Wrigley has invested Sh4.3 billion ($33 million) to expand its Athi River plant with a new sugar-free gum production line, reinforcing Kenya's position as a regional hub. In a major acquisition, Kalahari Cement has acquired a 27 percent stake in East African Portland Cement (EAPC) from the National Social Security Fund (NSSF) for Sh1.6 billion. Additionally, Urysia Limited has expanded its automotive lineup in Kenya by adding Jeep and Citroën brands, transitioning from a single Peugeot dealership to a multi-brand operation.
