East African Portland Cement(EAPC), the owner of Blue Triangle Cement Brand, has unveiled a KSh 25.8 Billion expansion project as Kalahari Cement, the new investor in the listed cement manufacturing plant, puts in place the long awaited turnaround of the firm.
The fresh capital injection of an estimated US$ 200 million is expected to lift EAPC installed cement production capacity from 1.3million tonnes to nearly 4million tonnes over the next 3 years.
This East African Portland Cement Investment is backed by Amsons Group subsidiary, Kalahari Cement, which will finance the clinker and grinding plants, boost energy efficiency and modernize the facilities of the listed cement manufacturer. Amsons Group is owned by Tanzanian business tycoon Edhah Abdallah Munif, who also has interests in Bamburi Cement, also a listed manufacturing entity at the Nairobi Securities Exchange(NSE).
East African Portland Investment Plan
The KSh 25.8 Billion investment will be deployed at EAPC’s Kajiado plant, including the turnkey clinker plant that has been designed by a global contractor. Other initiatives being pursued by Kalahari cement- the majority owner, with a 69% stake include undertaking manufacturing upgrades and improving on staff welfare.
Amsons Group said the first phase if funding has already been secured, ending years of uncertainty and anchoring a full operational turnaround.
After intense scrutiny in parliament, Kalahari Cement was given the greenlight to acquire 27% shareholding of EAPC by National Social Security Fund(NSSF). This is in addition to 29.2% stake bought from Associated International Cement Limited and Cementia Holdings Limited
EAPC share price has been on a roll coaster since Kalahari Cement made its acquisition bid in 2025. Its current share price is KSh 81, a 223.35 per cent one year change and a three-month change of 40.87%.
Available data indicates that Kenya’s cement production is controlled by a few key players with Bamburi cement as the most dominant with a 32.6% market share. It is followed by Mombasa Cement at 15.8%, while East African Portland Cement controls 15.1% of the market. Other emerging players include Savannah Cement with 15% market share and the National Cement Company (8%).
In the first half of 2025, cement production increased 17.3% to 4.85 million tonnes while consumption was up 22.1% to reach 4.76 million tonnes. In 2024, national cement production reached 8.9 million tonnes against national consumption of 8.5 million tonnes.
Kenya’s cement demand has been kept high by huge state involvement in the affordable housing programme, big infrastructure projects and a rebound in the construction industry after a slowdown in 2024. Rapid urbanization triggered by a growing middle class is also pushing up demand for cement for construction of quality housing and infrastructure.
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