MPs question sale of Portland shares to Tanzanian tycoon at half market price

EAPC leaders appear before Trade Committee over sale of Holcim shares to Kalahari Cement at Parliament, Nairobi, on Sept 25, 2025. [Elvis Ogina, Standard]

The Attorney General was not consulted in the process of acquiring East African Portland Cement (EAPC) shares by a Tanzanian tycoon, Parliament has been told.

This revelation came even as the National Treasury and EAPC differed over the implications of a planned sale of a 29 per cent stake to Kalahari Cement, owned by Tanzanian businessman Edhah Abdallah Munif.