E.A CABLES LTD
E.A Cables Ltd:
East African Cables Ltd is a leading manufacturer of electrical cables and conductors in East Africa, supplying products for various applications including power transmission, distribution, and telecommunications. With a strong reputation for reliability and performance, E.A Cables Ltd plays a vital role in supporting infrastructure development projects in the region.
Ground Floor, Sukuma Wiki Building, Racecourse Rd, Nairobi, Kenya
Contact number. +254 206 607000 +254 722 202125
Reports
Financial Reports for E.A CABLES LTD
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East African Cables to sell $809,859 stake in Tanzania subsidiary
Manufacturer East African Cables is set to dispose of its Tanzanian subsidiary with the sale of its 51 percent stake. The company says it has entered into a share purchase agreement with Msufini Tanzania Limited, a manufacturer of chlorine and sodium hydroxide in Tanzania. Msufini is expected to purchase 16.2 million ordinary shares with a par value of 56 cents (Tsh10) each or a total of Ksh9 million ($63,380), which represents 51 percent of the issued share capital of East African Cables Tanzania Limited.
Equity Bank places TransCentury, East African Cables under receivership over Sh4.8bn debt
The infrastructure-based investment firm, TransCentury, has been placed under receivership by Equity Bank over a debt estimated at Sh4.8 billion ($34.3 million), months after it missed a Sh2 billion cash call target on its second attempt. Equity Bank said Muriu Thoithi and George Weru of consultancy firm Price Waterhouse Coppers (PWC) have been appointed joint receivers of TransCentury with effect from June 16, 2023.
Nairobi Securities Exchange – NSE
CONSTRUCTION & ALLIED INDUSTRY | |||
COMPANY NAME | ISIN CODE | TICKER | MARKET CAP |
KE0000000034 | ARM |
| |
KE0000000059 | BAMB |
| |
KE0000000141 | CRWN |
| |
KE0000000174 | CABL |
| |
KE0000000190 | PORT | ||
CBK Key Rates
| RATE | % | Date |
| Central Bank Rate | 10.50 | 09/08/2023 |
| Inter-Bank Rate | 12.20 | 03/10/2023 |
| CBK Discount Window | 14.50 | 10/08/2023 |
| 91-Day T-Bill | 14.821 | 02/10/2023 |
| REPO | 8.94 | 11/08/2023 |
| Inflation Rate | 6.8 | SEP,2023 |
| Lending Rate | 13.5 | JULY,2023 |
| Savings Rate | 3.97 | JULY,2023 |
| Deposit Rate | 8.1 | JULY,2023 |
| KBRR | 8.9 | 27/07/2016 |