EAPC Announces Leadership Changes Months After Tanzanian Tycoon Acquired Majority Shares

The East Africa Portland Company (EAPC) has announced leadership changes months after Tanzanian tycoon Edhah Abdallah Munif acquired majority shares through his company, Amsons Group.

In a notice dated Friday, February 20, 2026, the company’s Board stated that, following the successful acquisition of a controlling interest in EAPC by Kalahari Cement, the company enters a new era of strategic leadership and corporate governance.

“In compliance with the disclosure requirements set out in Paragraph 1011 of the Thirteenth Schedule of the Capital Markets (Public Offers, Listing and Disclosures) Regulations, 2025, the Board of Directors of EAPC hereby notifies the public and its stakeholders of the following changes to its composition, effective February 19, 2026,” the notice read.

Among the changes is the exit of Principal Secretary, State Department for Industry, Juma Mukhwana, PhD, CBS, and Koinari Ole Tutui from the Board. The company expressed gratitude to the outgoing directors for their service and contributions during their tenure.

At the same time, the Board announced the appointment of two new directors, whose expertise is expected to be instrumental in driving the company’s turnaround strategy and growth objectives.

Newly Appointed Directors at EAPC

Ahmed Sheikh Adan, SC, CBS, has been appointed as a Director. He is a Senior Counsel and Managing Partner at Wetangula, Adan & Co Advocates. Adan brings over two decades of experience in high-level legal, regulatory, and international advisory work.

His expertise spans international transactions, sports governance, telecommunication regulation, cross-border trade, and institutional reform. He is recognised for strategic leadership in complex negotiations, public sector restructuring, and multi-jurisdictional legal practice across East Africa and the Horn of Africa.

Also Read: EAPC Set for Revival After Kalahari Cement Commits Ksh25 Billion Turnaround Plan

Eshak Harunani has also been appointed as a Director. He currently serves as an independent Non-Executive Director on the board of a regional oil marketing company, where he chairs the Finance & Operations Committee.

With over 30 years of experience, Harunani has led teams delivering professional services, including audit, assurance, tax, and advisory, to clients listed on the Nairobi Securities Exchange and the Dar es Salaam Stock Exchange.

A former member of the Deloitte Africa Board for eight years, his industry experience spans banking and financial services (including Shariah-compliant banking), telecommunications, energy, manufacturing, and agriculture.

Further, the Board congratulated the new directors on their appointments.

“The Board of Directors of East African Portland Cement PLC welcomes and congratulates Ahmed Sheikh Adan, SC, CBS, and Eshak Harunani on their appointments. Their vast experience will undoubtedly contribute to the growth, sustainability, and turnaround of the company,” said the Board.

Also Read: Amsons Group Signs $600M Deal for Sub-Saharan Africa’s Largest Solar Plant

About the Acquisition

Established in 1933, East African Portland Cement (EAPC) PLC is a leading Kenyan cement manufacturer and distributor, known for its Blue Triangle brand. It is one of East Africa’s oldest industrial firms and plays a key role in regional infrastructure development.

In late 2025, Kalahari Cement Limited, a subsidiary of the Tanzanian-based Amsons Group, completed a multi-stage acquisition to gain majority control of EAPC. Kalahari first acquired a 29.2% stake from Holcim Ltd for approximately Ksh 717 million (Ksh 27.30 per share).

In November 2025, it purchased a 27% stake from the National Social Security Fund (NSSF) for KSh 1.6 billion (KSh 66 per share), bringing the total Amsons Group-linked ownership to 68.7%, which includes a 12.5% stake previously held through Bamburi Cement.

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