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flag Kenya’s antitrust body lacked power to block cement deal, sparking parliamentary concern over transparency and public ownership.

flag Kenya’s Competition Authority clarified it had no legal power to approve or block the sale of East Africa Portland Cement shares to Kalahari Cement, stating its role was advisory only. flag The deal, involving a 41.7% stake sold below market value, raised concerns in Parliament over public ownership, transparency, and potential board influence. flag Lawmakers criticized the private sale process, noting EAPC management was unaware and could have repurchased shares. flag CAK confirmed it did not assess pricing or ownership changes, focusing only on competition impacts, and is conducting a sector-wide cement industry study with findings due by late October.

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