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MPs expose ‘rip-off’ in EA Portland Cement share sale deal

MPs have uncovered that the shares are being sold at Sh27 each, less than half the market price of Sh58.

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by MOSES OGADA

News15 December 2025 - 04:56
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The East  African  Portland  Cement Company in Athi River, Machakos county /FILE
A proposed deal to sell a major stake (29.2 per cent) in the state-linked East African Portland Cement Company to a firm called Kalahari Cement has sparked outrage in Parliament.

MPs have uncovered that the shares are being sold at Sh27 each, less than half the market price of Sh58.

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