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Originally published by Capital Business
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business
May 20, 2026
3h ago

Cable Experts in Deal for Troubled East African Cables Stake

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.

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