Battle: Dar es Salaam vs Nairobi

Battle: Dar es Salaam vs Nairobi

Street Hawker said:
Walibadilisha design?
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Ndio, hii design naona ni nzuri kuliko ile ya mwanzo.
Naona jirani ameanza kuona wivu.
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Kalahari Cement Seals Landmark Deal with NSSF, Securing Controlling Stake in EAPC Amidst Regulatory Scrutiny
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The East African cement market is currently witnessing one of its most definitive shifts in corporate control, as Tanzania’s Kalahari Cement has officially confirmed its acquisition of a substantial additional equity stake in the East African Portland Cement Plc (EAPC). This strategic maneuver, executed through a Share Purchase Agreement (SPA) with the National Social Security Fund (NSSF), effectively grants Kalahari Cement, a subsidiary of the prominent pan-African conglomerate Amsons Group, majority control and operational command of the Nairobi Securities Exchange (NSE)-listed Kenyan cement manufacturer.

The transaction centers on the acquisition of a further 27% equity stake in EAPC from NSSF, a deal valued at a significant Ksh 1.6 billion, positioning Kalahari Cement as the single largest and controlling shareholder. The public notice published recently confirmed that the SPA was executed on Tuesday this week, detailing the terms of the agreement. Kalahari Cement is set to acquire twenty-four million, three hundred thousand (24,300,000) ordinary shares at a negotiated price of Ksh 66 per share in the issued share capital of EAPC from NSSF. This specific pricing detail warrants close analysis, as the Ksh 66 per share price represents a substantial premium over EAPC’s typically volatile trading price on the Nairobi Securities Exchange (NSE), highlighting the strategic value placed on operational control and assets, rather than just market capitalization. The completion of this transaction remains subject to final regulatory approvals from bodies such as the Capital Markets Authority (CMA) and the Competition Authority of Kenya (CAK).

serrarigroup.com

Kalahari Cement Seals Landmark Deal with NSSF, Securing Controlling Stake in EAPC Amidst Regulatory Scrutiny

The East African cement market is currently witnessing one of its most definitive shifts in corporate control, as Tanzania’s Kalahari Cement has officially confirmed its acquisition of a substantial additional equity stake in the East African Portland Cement Plc (EAPC). This strategic maneuver...
serrarigroup.com serrarigroup.com
mwathadan IamLee nairobae NairobiWalker Teargass Nicxie


MY TAKE
The deal is done n dusted! Wacha Ruto aendelee ku-launch miradi ya Mhindi ya steel kule Uganda!
 
XKALIBER said:
Sikizeni.....


View: https://x.com/pmariru/status/1996569595885330855
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Kenya is under construction. Currently it’s hard to keep up with what’s happening in the country, the transformation has begun. It seems Ruto is really serious about this ‘Singapore’ vision.

View: https://x.com/moneyacademyke/status/1996867149319520460?s=46

View: https://x.com/mwangocapital/status/1995719637678563622?s=46
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Meanwhile

View: https://x.com/kenyansays/status/1996899167223021666?s=46
 
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