East African Portland Cement (EAPC) has announced its intention to sell a portion of contested Athi River land to homeowners and Kenyan citizens in the midst of ongoing demolitions, which followed orders from President William Ruto.
The company's notice, as published in local newspapers, outlines its plan to manage the sale of the land in the near future. EAPC has identified three specific land parcels for this process, namely LR 8784/144, 145, and 653.
Priority will be granted to those who are currently occupying sections of the mentioned parcels. Individuals in this category are encouraged to assert their claims within 14 days from the date of the notice's publication.
After this notice period expires, any unclaimed portions will be made available to the general public through a competitive willing buyer-willing seller approach.
For those interested in participating in this process, EAPC has advised them to visit their premises along Namanga Road for inquiries and information on the forthcoming exercise.
This announcement comes in the aftermath of the demolition of properties on the disputed land, which was initiated following President Ruto's orders issued on Friday, October 13.
President Ruto emphasized the need to revoke titles held by speculators who have possessed pieces of land for extended periods without development, with the aim of reallocating the land to individuals interested in its productive use.
Additionally, reports suggest that affluent investors are showing interest in acquiring the government's stake in the struggling cement manufacturer.
The Ministry of Trade had previously indicated in July that a buyer had been identified for a Ksh15 billion state stake in Portland Cement. Industry Principal Secretary (PS) Juma Mukhwana informed Parliament that the Ministry had approved a plan to permit a strategic investor to acquire a 30% stake in the company.
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Category: News · Related Topic: William Ruto
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