E.A PORTLAND CEMENT
E.A Portland Cement:
East African Portland Cement Company is a prominent cement manufacturer in Kenya, producing high-quality cement products for construction purposes. With a long history of operations and a commitment to sustainability and innovation, E.A Portland Cement contributes to the development of infrastructure and housing projects in Kenya and beyond.
Athi River,off Namanga Road,Kenya. +254 709 855 000. customercare@eapcc.co.ke.
Reports
Financial Reports for E.A PORTLAND CEMENT
Explore comprehensive financial reports for East African Portland Cement, encompassing annual reports, interim reports, and pivotal financial statements. Stay informed about the company’s performance, financial strength, and strategic roadmap with the latest financial updates.
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Nairobi Securities Exchange – NSE
CONSTRUCTION & ALLIED INDUSTRY | |||
COMPANY NAME | ISIN CODE | TICKER | MARKET CAP |
KE0000000034 | ARM |
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KE0000000059 | BAMB |
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KE0000000141 | CRWN |
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KE0000000174 | CABL |
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KE0000000190 | PORT | ||
State finds buyer for Sh15bn stake in Portland Cement
The government has found a deep-pocketed buyer for a 30 percent stake in East African Portland Cement Company (EAPCC) for Sh15 billion in a deal that is likely to trigger a fresh fight for control of the cement firm facing insolvency. Industry Principal Secretary (PS) Juma Mukhwana told the National Assembly that the Ministry of Investment, Industry and Trade had approved a turnaround plan that will see the strategic investor buy 30 percent shareholding in the company. The PS said the deal is now only awaiting President William Ruto’s approval.
Displaying items by tag: East African Portland Cement Company
Oliver Kirubai, EAPCC's managing director, said "We are doing the second phase of our machines upgrade, which is basically targeting to increase our output. Our target is that by June 2026 we should be able to produce 1Mt/yr of cement." He added "Seven local contractors are spearheading the upgrade of this plant. They will work with us during the 25-day closure of this facility." The current production capacity of the plant is 310,000t/yr.
| CBK Key Rates | |||
|---|---|---|---|
| Central Bank Rate | 13.00% | 03/04/2024 | |
| Inter-Bank Rate | 13.73% | 19/04/2024 | |
| CBK Discount Window | 17.00% | 03/04/2024 | |
| 91-Day T-Bill | 15.803% | 22/04/2024 | |
| REPO | 8.94% | 11/08/2023 | |
| Inflation Rate | 5.7% | March,2024 | |
| Lending Rate | 15.2% | January,2024 | |
| Savings Rate | 3.69% | January,2024 | |
| Deposit Rate | 10.18% | January,2024 | |
| KBRR | 8.9% | 27/06/2016 | |