'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 Company Plc (EAPC), instead recommending that the company buy back the shares to safeguard national interests.The Departmental Committee on Trade, Industry and Cooperatives, in a report tabled in the National Assembly, presented a damning assessment of the proposed sale of a 29.2 per cent stake in EAPC to Kalahari Cement Ltd, owned by Tanzanian cement baron Edhah Abdallah Munif.Get Full Access for Ksh299/WeekUncover the stories others won’t tell. Subscribe now for exclusive accessUnlock the Truth Now 》Unlimited access to all premium contentUninterrupted ad-free browsing experienceMobile-optimized reading experienceWeekly NewslettersMPesa, Airtel Money and Cards acceptedAlready a subscriber?Log in

The Departmental Committee on Trade, Industry and Cooperatives, in a report tabled in the National Assembly, presented a damning assessment of the proposed sale of a 29.2 per cent stake in EAPC to Kalahari Cement Ltd, owned by Tanzanian cement baron Edhah Abdallah Munif.Get Full Access for Ksh299/WeekUncover the stories others won’t tell. Subscribe now for exclusive accessUnlock the Truth Now 》Unlimited access to all premium contentUninterrupted ad-free browsing experienceMobile-optimized reading experienceWeekly NewslettersMPesa, Airtel Money and Cards acceptedAlready a subscriber?Log in

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