Kenya Clears Tanzanian Billionaire Edha Nahdi's Bid For Nssf Stake In East African Portland Cement, But Orders 18 Months Of Job Protection

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kenya clears tanzanian billionaire edha nahdis bid for nssf stake in east african portland cement bu

Kenyas competition watchdog has cleared Tanzanian industrialist Edha Nahdi to deepen his bet on one of the countrys oldest cement makers, approving Kalahari Cement Limiteds plan to buy a big stake in East African Portland Cement Plc from the national pension fund.

The Competition Authority of Kenya said it would allow Kalahari Cement Ltd to acquire the National Social Security Funds 27 holding in the Nairobi Securities Exchange listed company, often called EAPC, under a strict condition: no layoffs. The authority said all current employees at both firms must be retained for at least 18 months after the transaction closes.

That safeguard covers 383 workers at Kalahari Cement and 541 at East African Portland Cement, or 924 people in total, according to the authoritys gazette notice. The approval, disclosed in a notice dated Dec. 30, 2025, removes a key regulatory obstacle after months of scrutiny of foreign led consolidation in Kenyas cement industry.

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