Amsons Group snaps up 29% stake in cement maker EAPC

• Kalahari Cement, a Nairobi-registered subsidiary of Amsons Group, has successfully sealed its bid to purchase 13,144,442 (14.6%) ordinary shares in the issued share capital of EAPC from Associated International Cement Limited and another 13,180,442 (14.6%) ordinary shares in EAPC from Cementia Holding AG at KES27.30 per share.
• Transaction comes almost a year after Amsons Group entered Kenya’s cement trade through acquisition of major player Bamburi Cement.
• Amsons Group is a family-owned business founded in 2006 in Tanzania, with presence in multiple sectors including oil and gas, manufacturing and transportation across Zambia, Malawi, Mozambique, DRC, and Burundi.

Tanzania-based Amsons Group has expanded its capacity in regional construction industry with its 29.2 per cent equity stake purchase in troubled East Africa Portland Cement (EAPC) just months after takeover of rival, Bamburi Cement.

In a market update on Wednesday, Amsons Group said its Kenya-registered subsidiary, Kalahari Cement, has successfully sealed its bid to purchase 13,144,442 (14.6 per cent) ordinary shares in the issued share capital of EAPC from Associated International Cement Limited (AIC) and another 13,180,442 (14.6 per cent) ordinary shares in EAPC from Cementia Holding AG at KES 27.30 per share. 

The Group noted that the completion of the sale, as a private transaction, follows the signing of a share purchase agreement (SPA) dated July 31, 2025, and the fulfilment of the relevant regulatory conditions, which was closed on Tuesday, November 4, 2025. 

Amsons Group eyes building long-term value in EAPC

 According to Amsons Group Managing Director Edha Nahdi, the acquisition Is a “strategic investment” that is designed to build long-term value for EAPC, by strengthening the firm’s infrastructure and providing access to additional resources.

The recently completed acquisition, Mr. Nahdi added, will enable Kalahari Cement to strategically leverage its resources to drive growth and strengthen the cement industry’s infrastructure through enhanced production capabilities and the creation of new opportunities for innovation and market expansion.

“Our subsidiary Kalahari Cement is a committed and experienced strategic investor and will leverage its market positioning to provide capital and technical resources necessary to transform EAPC into one of Kenya’s leading Cement manufacturers by volume and profitability, as part of our corporate contribution to Kenya’s economic prosperity,” Mr Nahdi said.

He added, “As a long-term strategic investor, Kalahari Cement will assist EAPC to achieve its strategic objectives through a shared prosperity model with all stakeholders, from staff, trade partners and government of Kenya agencies. At Amsons Group, we do not intend to spare any resource, financial or otherwise, in our turnaround partnership with all EAPC Stakeholders.”

 Kalahari Cement incorporated in Kenya in May

The shares acquired by Kalahari Cement, which was incorporated in Kenya in May this year, represent a 29.2 per cent stake in EAPC and will enable the firm, which is also associated with Mbeya Cement in Tanzania and Bamburi Cement Plc in Kenya, to help steer the future of the company.

 The firm’s notice of intention to acquire the equity stakes was publicly published on July 31, and indicated that Kalahari would apply to the CMA for an exemption from the requirement to make a mandatory take-over offer to all shareholders in EAPC as part of the Proposed Acquisition.

Consequently, pursuant to Regulation 5 of the Capital Markets (Takeovers and Mergers) Regulations, 2002 (the Takeover Regulations), Kalahari submitted the Exemption Application to the CMA on 1st August 2025.

 On 5 August 2025, the CMA approved the Exemption Application pursuant to Regulation 5(1) of the Takeover Regulations. The CMA further approved the Proposed Acquisition as a private transaction under the Capital Markets Act, CAP 485 and the Capital Markets (Public Offers, Listings and Disclosures) Regulations, 2023.

 Amsons Group growing business empire

 Amsons Group is a family-owned business founded in 2006 in Tanzania, with roots in the importation of bulk oil and petroleum products under the Camel Oil Tanzania retail brand.

The firm has diversified into a wide range of sectors, including manufacturing operations now boasting of an installed cement production capacity of 6,000MT/day, bolstered by the recent acquisition of Mbeya Cement. With Bamburi Cement’s integration, Amsons Group’s total cement manufacturing capacity has now grown to 13,000MT per day.

The Group also operates a 500MT/day wheat flour milling plant, a state-of-the-art premix concrete plant, Inland Container Depots (ICDs), Fuel and lubricants, Liquefied Petroleum Gas (LPG), alongside a transportation fleet spanning Zambia, Malawi, Mozambique, the Democratic Republic of Congo, Burundi and Tanzania.

In the fuel sector, Amsons Group operates fuel depots in several countries, including Tanzania, Mozambique, Zambia, and DRC, with a robust network of over 150 retail stations.

Read also: Tanzania’s Amsons Group absorbs Bamburi Cement after $183M acquisition