Tanzanian conglomerate Amsons Group has completed the buyout of a 29.2 percent stake in East African Portland Cement (EAPC) valued at Sh718.66 million from Swiss multinational Holcim, strengthening its foothold in Kenya’s cement market.
The acquisition, executed through Amsons’ subsidiary Kalahari Cement Limited, follows the signing of a share purchase agreement on July 31, 2025 and subsequent regulatory clearance. The deal was closed on November 4, ending weeks of uncertainty that arose from a Parliamentary probe into the transaction.
