Kenya: East African Portland Cement (EAPCC) has raised the price of its 50kg bags of cement by around 3%. It said that it made the decision due to higher input costs, according to the Standard newspaper. In a statement David Kilonzo, acting head of commercial at EAPCC, said “Due to the continuous surge in raw materials prices, operating overheads and our commitment to maintain the premium brand quality that our customers have enjoyed over the years, we will be revising our prices upwards.”
Switzerland-based Holcim holds a 42% stake in EAPC through its subsidiaries, the National Social Security Fund (NSSF) holds a 27% stake and the Kenyan government, through the National Treasury, holds a 25% share in the company.
