NSSF exits Portland Cement board after stake sale to Kalahari 10.04.2026

The National Social Security Fund (NSSF) has officially exited the board of East African Portland Cement Company (EAPCC) following its complete sale of a 27 percent stake to Kalahari Cement Limited, a subsidiary of Tanzania's Amsons Group. David Koross, NSSF's Managing Trustee and CEO, stepped down as the Fund's representative on the EAPCC board effective April 10, 2026. This move solidifies Kalahari Cement's controlling interest in EAPCC, which has faced over a decade of losses. EAPCC has appointed James Oduor, CFO of Lemi National Cement, as a new non-executive director to aid in the company's turnaround and restructuring efforts.

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