Amsons Group takes majority stake in EAPCC after NSSF share sale
NAIROBI, December 9 – The National Social Security Fund has completed the sale of its 27 percent stake in East African Portland Cement Company (EAPCC) to Kenya breaking news | Kenya news today |..
✨ Key Highlights
Amsons Group, through its subsidiary Kalahari Cement Ltd, has acquired a majority 69 percent controlling stake in East African Portland Cement Company (EAPCC) after purchasing the National Social Security Fund's (NSSF) 27 percent shareholding.
- The transaction was approved by the Capital Markets Authority, the Competition Authority of Kenya, and the Ministry of Mining.
- Amsons Group aims to triple EAPCC's production capacity within three years and build a new clinkerization plant, expecting to create thousands of new jobs.
- EAPCC has reported financial losses for 13 consecutive years, with dividends this year stemming from land sales rather than operational profits.
- Amsons Group previously acquired Bamburi Cement in December 2024, which has since seen a double-digit increase in EBITDA.
- The group is also constructing a USD 300 million Hanjin clinker facility in Kwale County, expected to create over 1,000 direct jobs.
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Amsons Group Expands in Kenya; Montran Appoints Regional Director for Africa - December 2025
Amsons Group, a Tanzanian conglomerate, is undertaking significant expansion in Kenya and the region. Through its subsidiary Kalahari Cement Ltd, the group has acquired a majority 69 percent controlling stake in East African Portland Cement Company (EAPCC) by purchasing the National Social Security Fund's (NSSF) 27 percent shareholding. Amsons Group is also expanding its renewable energy ventures into East Africa, with a particular focus on Kenya, following a Kenya Sh96 billion (US$600 million) deal in Zambia. In a separate corporate move, global fintech firm Montran appointed Wohoro Ndohho as Regional Executive Director for its Africa operations. Ndohho will be based in Nairobi to oversee regional expansion and guide the rollout of systems for central banks and financial institutions.
