CAK clears Holcim's stake sale in EAPCC amid MPs' concerns

Aldai MP Maryanne Keitany and her Ikolomani counterpart, Bernard Shinali at Parliament Building during the hearing on EAPC shares takeover by Kalahari Cement Limited. [Erastus Mulwa, Standard]

The Competition Authority of Kenya has given a nod to the sale of Holcim’s 41.7 percent stake in giant cement manufacturer, East African Portland Cement Company to Kalahari Holdings.

Director of competition and consumer protection, Joel Omari told the Trade and Investment Committee of the National Assembly that the acquisition will not interfere with the control of the cement maker, and there was no risk over market dominance.