//www.standardmedia.co.ke/business/article/2000103188/portland-cement-caught-up-in-sh20-billion-land-row-power-struggle

Power politics could be behind the plans to sell 4,000 acres of land owned by East African Portland Cement Company ( EAPCC). The piece is valued at over Sh20 billion. The land, whose limestone reserves are exhausted, is said to be a target of presumed greedy individuals angling to acquire it at a throwaway price and sell it for a kill. Insiders have also indicated that the company could have been marked for sale as Government and the National Social Security Fund (NSSF) look for a way to exit it.
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and buying companies are currently selling an acre in Athi River and its environs at between Sh4 million and Sh6 million depending on the proximity to the road and the physical amenities present. They are making even bigger margins when they further subdivide the land into quartres and eighths and sold for residential and commercial purposes. For instance, Ndatani Enterprises is selling an eighth piece of land in Athi River at about Sh900, 000. This means an acre would fetch as much as Sh7.2 million. The EAPCC land would therefore return as much as Sh72 billion depending on how it is subdivided. Most of the EAPCC land is in Athi River, Machakos County and parts of Kitengela in Kajiado County. “The land can be used to build homes, industries or rehabilitated into forests,” the firm’s Managing Director Kephar Tande said in an interview, but declined to comment on the boardroom intrigues. Mr Tande said he could not comment on the reasons why the shareholders were fighting on grounds that it was an owners’ issu
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