T
Originally published by The Standard Business
📰 Read Full Article
December 8, 2025
9h ago

'Not for sale': Why MPs slammed brakes on Tanzanian billionaire's cement empire

'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.

Continue Reading

Read the complete article from The Standard Business

📰 Read Full Article

Related News

Advertisement