• About
  • Advertise
  • Privacy & Policy
  • Contact
Kenyan Business Feed
  • Home
  • African
  • News
    • Agribusiness
    • Courts
    • Hospitality
    • Manufacturing
  • Education
  • Health
  • Reports & Analysis
  • World Business
No Result
View All Result
  • Home
  • African
  • News
    • Agribusiness
    • Courts
    • Hospitality
    • Manufacturing
  • Education
  • Health
  • Reports & Analysis
  • World Business
No Result
View All Result
Kenyan Business Feed
No Result
View All Result
Home News

East African Cables bags Sh48m Kenya Power deal

Kenyan Business Feed by Kenyan Business Feed
Share on FacebookShare on Twitter

[ad_1]

Table of Contents

Toggle
        • Companies
  • East African Cables bags Sh48m Kenya Power deal
Companies

East African Cables bags Sh48m Kenya Power deal

Tuesday, May 14, 2019 20:40


By BRIAN NGUGI

The East African Cables plant in Industrial Area. PHOTO | DIANA NGILA | NMG
The East African Cables plant in Industrial Area. PHOTO | DIANA NGILA | NMG 

Electrical and communications wires manufacturer East African Cables #ticker:CABL has bagged a deal to supply electrical wires worth Sh48 million to electricity distributor Kenya Power #ticker:KPLC amid efforts to turn around the loss-making company.

Kenya Power revealed the contract in a tender document. The utility firm sources its cables from local and overseas markets including India and China.

The deal comes as a boost for the struggling cable maker which is battling to reverse a persistent plunge in revenue that stood at Sh2.3 billion in the year ended December 2017, nearly half their peak of Sh5.1 billion in 2014.

The Nairobi Securities Exchange–listed firm has been in the red since 2015 when it posted a Sh741.2 million net loss, reducing to Sh582.6 million a year later but widening to Sh662.8 million in 2017.

The firm is set to release the full-year performance for 2018 after being granted approvals to delay the results by the Capital Markets Authority (CMA).

Its parent firm, TransCentury #ticker:TCL, said recently an ongoing debt restructuring would affect its books as well as those of East African Cables.

“The East Africa Cables has entered into a conditional transaction that may result in a material change in the company and therefore TransCentury Group capital structure and debt profile,” TransCentury said in a cautionary note to investors.

[ad_2]

Source link


Kenyan Business Feed is the top Kenyan Business Blog. We share news from Kenya and across the region. To contact us with any alert, please email us to [email protected]
Kenyan Business Feed

Kenyan Business Feed

Recommended.

First Lady, DP wife office budget rises threefold

May 23, 2019

HF Group borrows Sh1.9bn at 18pc, lends at 10pc

May 19, 2019

Subscribe.

Trending.

Kenya and Uganda launch regional tourism partnership blending coast, safari, and adventure experiences under one East African brand.

Kenya and Uganda Forge Joint Tourism Strategy Targeting 1.4 Million Intra-African Visitors

October 28, 2025
Co-operative Bank of Kenya wins the 2025 Global SME Finance “Product Innovation of the Year (Africa)” award for its full-spectrum MSME financing strategy, including Ksh 77 billion in digital credit via M-Coop Cash, innovative stock financing solutions, and gender-focused credit guarantees that empower over 235,000 small businesses nationwide.

Co-op Bank Wins Africa Product Innovation Award for Innovative Approach to MSME Financing

October 23, 2025
Safaricom honours Raila Odinga’s role in advancing technology, Vision 2030, and democratic reforms as business leaders reflect on his enduring impact.

Safaricom Pays Tribute to Raila Odinga’s Enduring National Legacy

October 23, 2025
Kenya has been ranked the world’s friendliest country in the 2025 Condé Nast Traveller Readers’ Choice Awards, earning a 98.46 score and surpassing Barbados and Mexico.

Kenya Ranked World’s Friendliest Country in 2025 Condé Nast Traveller Awards

October 28, 2025
Over 1,000 women gain access to comprehensive fistula treatment, counselling, and rehabilitation services through the M-PESA Foundation’s integrated medical camp in Migori.

M-PESA Foundation Provides Fistula Surgery and Reintegration Services in Migori

October 23, 2025
Kenyan Business Feed

We focus on news, analysis, and reports about Kenyan business, covering sectors like agriculture, finance, tourism, and technology.

Categories

  • African
  • Agribusiness
  • Courts
  • Education
  • Health
  • Hospitality
  • Manufacturing
  • NetWorths
  • News
  • Reports & Analysis
  • World Business

Popular News

  • First look at the prison where El Chapo may live for the rest of his life

    First look at the prison where El Chapo may live for the rest of his life

    2157 shares
    Share 1040 Tweet 466
  • Sameer Africa CEO Sacked

    1804 shares
    Share 750 Tweet 439

Recent News

Tourism CS Rebecca Miano joins First Lady Rachel Ruto in Nakuru for the Third Edition of the First Lady’s Mazingira Awards (FLAMA), celebrating over 2,400 youth-led projects that promote environmental conservation and innovation across Kenya.

Tourism CS Rebecca Miano and First Lady Rachel Ruto Honour Young Environmental Champions at FLAMA 2025

October 28, 2025
Kenya and Uganda launch regional tourism partnership blending coast, safari, and adventure experiences under one East African brand.

Kenya and Uganda Forge Joint Tourism Strategy Targeting 1.4 Million Intra-African Visitors

October 28, 2025
  • Home
  • African
  • News
  • Education
  • Health
  • Reports & Analysis
  • World Business

© 2025 KBF

No Result
View All Result
  • Home
  • African
  • News
    • Agribusiness
    • Courts
    • Hospitality
    • Manufacturing
  • Education
  • Health
  • Reports & Analysis
  • World Business

© 2025 KBF