BUSINESS

Kalahari Cement Kicks Out NSSF From East African Portland Board

Kalahari Cement took control of East African Portland Cement after acquiring National Social Security Fund’s 27% stake

Share
EAPC board
National Social Security Fund was represented by Mr David Koross.
Share

Five months after successfully acquiring controlling stake in East African Portland Cement PLC [EAPC], Kalahari Cement has initiated strategic changes to its board composition to align with its turnaround and growth objectives. East African Portland Cement Board today announced the exit of the National Social Security Fund (NSSF}, represented by Mr. David Koross, from the Board.

Kalahari Cement Limited took control of East African Portland Cement Plc (EAPC) after acquiring the National Social Security Fund’s 27% shareholding. At the same time, the Board announced the appointment of James Oduor, a new non-executive director “whose extensive executive leadership experience will be instrumental in driving the Company’s operational turnaround, financial restructuring, and strategic expansion.”

Mr Oduor has been appointed as an independent non executive Director of the Company with effect from 10th April 2026. He is a seasoned business executive with over 24 years of experience across multinational companies in Africa.

He is currently the Chief Financial Officer and EXC0 Member at Lemi National Cement PLC in Ethiopia, one of the largest cement plants in the country, and Founder, Partner &Director of New Dawn Consulting &Investment(Pty) Ltd, a business advisory firm specialising in manufacturing strategy, business turnaround, M&A, and operational improvements.

His industry experience spans Building Materials (Cement), Fast-Moving Consumer Goods, Agriculture & Food Production. “The Board of Directors of East Africa Portland Cement PLC welcomes and congratulates James Oduor on his appointment and wishes him success in his new role,” EAPC Board said. “His vast experience in financial restructuring, operational turnaround, and cement industry leadership will undoubtedly contribute to the growth, sustainability, and turnaround of the company.”

> Nigeria’s Zenith Bank Acquires 100% Shareholding of Paramount Bank

> The Battle For Bamburi Cement

Written by
KALU MENGO

Kalu Mengo is a Senior Reporter With Business Today. Email: [email protected]

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

PAST ARTICLES AND INSIGHTS

Related Articles
President William Ruto
STOCKS

Ruto Hails Reforms As NSE Hits Highest Levels Since 2017

President William Ruto on Thursday hailed his administration’s economic reforms after the...

Diani Modern Market
NEWS

Diani Modern Market Now Fully Operational

The Diani Modern Market in Mvindeni, Kwale County, is now fully operational...

Standard Chartered
BUSINESS

Standard Chartered Posts Record Ksh 620B H1 2026 Pre-Tax Profit

Standard Chartered has posted a record first-half operating income of Ksh 1.5...

ILAM FAHARI I-REIT
BUSINESSNEWS

ILAM Fahari I-REIT net profit up 31.6% to KSh 84.7 m

ILAM Fahari I-REIT, a real estate investment trust in Kenya, saw its...