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Originally published by The Standard BusinessDecember 8, 2025
9h ago
'Not for sale': Why MPs slammed brakes on Tanzanian billionaire's cement empire

MPs have moved to block the controversial off-market share sale that would have handed a Tanzanian billionaire a dominant stake in the State-linked East African Portland Cement...
✨ Key Highlights
Kenyan MPs have blocked the controversial off-market sale of a 29.2 percent stake in East African Portland Cement Company Plc (EAPC) to a Tanzanian billionaire, recommending the company buy back the shares instead.
- The proposed sale would have given Kalahari Cement Ltd, owned by cement baron Edhah Abdallah Munif, a dominant stake in the State-linked company.
- The Departmental Committee on Trade, Industry and Cooperatives tabled a damning assessment of the deal in the National Assembly.
- The decision aims to safeguard national interests by preventing the sell-off to a private entity.
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