Lifeline for ailing cement firm as State lines up new investors

Trade and Industrialization Cabinet Secretary Peter Munya, arrives at Kibini Primary School, in Kajiado East during the opening of a class room constructed by the East African Portland Cement. [Peterson Githaiga]

Ailing cement maker, East African Portland Cement (EAPCC), could soon be out of its death bed after the State announced it is in talks with strategic investors to bail out the firm.

Trade and Industrialisation Cabinet Secretary Peter Munya said the cement manufacturer, which had indicated that it requires at least Sh15 billion to stay afloat, has the potential to stand on its feet again if it gets the said cash injection.