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The government is seeking potential investors in order to revive the troubled East Africa Portland Cement Company (EAPCC), according to Kenya’s Industrialisation Cabinet secretary.
Mr Munya further noted that the government will review the firm’s management which he says has led to the downfall of the listed cement manufacturer.
The cement producer has
The company which is crumbling under KSh10.8 billion debt has blamed a sluggish market, high cost of inputs, and production difficulties for the poor performance.
It recently laid off over 620 workers who are currently demanding dues amounting to Sh1.5 billion.
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