C
Originally published by Capital Businessbusiness
May 20, 2026
3h ago
Cable Experts in Deal for Troubled East African Cables Stake

NAIROBI, Kenya, May 20- Cable Experts Limited is seeking to take control of East African Cables PLC through the acquisition of a 68.57 percent stake Kenya breaking news | Kenya news today |..
✨ Key Highlights
Cable Experts Limited is set to acquire a controlling 68.57 percent stake in the troubled East African Cables PLC (EAC) through a deal with its receivers, aiming to revive the struggling manufacturer.
- Cable Experts Limited is acquiring 173 million ordinary shares from TransCentury PLC.
- The transaction involves retiring EAC’s existing secured bank indebtedness to enable the continuation of its cable manufacturing business.
- East African Cables has been under administration due to significant financial distress, including defaulting on a Sh 2.2 billion loan.
Continue Reading
Read the complete article from Capital Business
Advertisement
Related News
Advertisement





