EAPC reshapes board after Kalahari Cement takeover

East African Portland Cement Company (EAPC), the Kenyan cement manufacturer recently acquired by Tanzanian businessman Edha Nahdi’s Amsons Group through its subsidiary Kalahari Cement, has appointed two new directors as the new majority shareholder moves to steer the company’s turnaround.

The board changes follow Kalahari Cement’s acquisition of a 29.2 percent stake in EAPC in November 2025, marking a pivotal shift in ownership and governance at one of Kenya’s oldest cement producers.

Strengthening governance for turnaround
Under the latest appointments, Ahmed Sheikh Adan and Eshak Harunani join the board, replacing State Department for Industry Principal Secretary Juma Mukhwana and Patrick Koinari Ole Tutui.

Adan is a Senior Counsel and Managing Partner at Wetangula, Adan & Co. Advocates, bringing extensive legal and corporate advisory experience. Harunani serves as an independent non-executive director at a regional oil marketing company, where he chairs the Finance and Operations Committee, adding financial oversight and operational expertise to EAPC’s leadership.

In a notice to shareholders, EAPC said the new directors’ expertise will be instrumental in driving the company’s turnaround strategy and long-term growth objectives. The appointments signal a shift toward private-sector-led governance as Kalahari Cement consolidates its influence.

Deepening Amsons’ regional footprint
The board reshuffle comes months after Kalahari Cement acquired 13.1 million shares from Associated International Cement Limited and 13.2 million shares from Cementia Holding AG at Sh27.30 per share, securing a combined 29.2 percent stake in EAPC.

For Amsons Group, the move strengthens its regional cement footprint, complementing its existing operations across East Africa. By reshaping EAPC’s board, Nahdi is positioning the company for operational stabilisation, improved financial discipline and renewed competitiveness in Kenya’s construction materials market.

The changes mark the beginning of a new governance era at EAPC as its new shareholder seeks to restore performance and align the company with a broader regional growth strategy.