The National Assembly’s Departmental Committee on Trade, Industry & Cooperatives has ordered the Competition Authority of Kenya (CAK) to investigate the proposed sale of a 29.25 percent stake in East African Portland Cement (EAPC) due to concerns about undervaluation and potential market dominance.

• The proposed sale is from Holcim Group subsidiaries to Kalahari Cement Ltd.
• The committee expressed concern that the shares may have been undervalued, potentially harming shareholders like the National Treasury and the National Social Security Fund (NSSF).
• The CAK has been given 60 days to assess market concentration, potential for dominance, and pricing trends, particularly given Kalahari Cement's existing interests in Bamburi Cement.
• The EAPC board has also been given 60 days to align its memorandum and articles of association with constitutional and corporate governance standards.
• Kalahari Cement has been directed to provide a written commitment assuring job security and support for EAPC’s operations.