Portland eyes cash injection to return to profitability

Simon Peter Ole Nkeri managing director East Africa Portland Cement. Photo: Wilberforce Okwiri/Standard)

East African Portland Cement Company (EAPCC) is staring at an uncertain future as the State-owned cement maker seeks to raise billions to remain afloat.

The woes of the State-controlled cement maker are compounded by decades-long court cases that the firm says had been instigated by private developers eying the firm’s Sh17 billion prime land.