East African Cables creditors set to meet as administration process deepens - Capital Business
Connect with us

Hi, what are you looking for?

Kenya

East African Cables creditors set to meet as administration process deepens

NAIROBI, Kenya, Aug 17 – The Joint Administrators of East African Cables PLC (in Administration) have convened the first meeting of creditors for Tuesday, August 19, 2025, marking a crucial step in the ongoing insolvency process of the struggling cables manufacturer.

According to Gazette Notice No. 11396, the meeting will be held in hybrid format—creditors can either attend physically at the firm’s Nairobi offices on Addis Ababa Road in the Industrial Area or join virtually through an online platform.

Creditors are required to confirm attendance by Friday, August 15, 2025, and will subsequently receive registration details.

During the meeting, the Joint Administrators are expected to circulate their Statement of Proposals outlining the way forward for the company.

Creditors who have not received the document have been urged to request copies in advance. Only those who have submitted claims, together with appropriate supporting documentation, will be eligible to vote on resolutions.

The meeting comes at a time when East African Cables, once a leading manufacturer and distributor of electrical cables in the region, is battling financial headwinds that forced it into administration.

The outcome of the creditors’ meeting will determine the next phase of the company’s restructuring or possible wind-down.

Visited 65 times, 1 visit(s) today

More on Capital Business

World

As part of their support for Hamas, the group targeted shipping coming through the Bab al-Mandab strait at the southern end of the Red...

Aviation

The airline says the challenge is not just availability but also surging prices, which are weighing heavily on margins and limiting its ability to...

Banks

Speaking in Nairobi, Equity Group Managing Director and CEO Dr. James Mwangi said while foreign investment remains important, local participation is critical to building...

Kenya

A notice filed under the Insolvency Act shows the virtual meeting will allow creditors to review proposals from joint administrators and validate claims ahead...

Kenya

The National Assembly Committee on Tourism and Wildlife was told the project is being financed by the Ministry of Tourism and Wildlife, with construction...

Companies

NAIROBI, Kenya, Mar 28 – Kenya’s high-end real estate market is increasingly shifting toward wellness-focused developments, reflecting changing investor and buyer preferences in the...

Health

MAR 29 – On a quiet morning in Nairobi, Jane Njuguna recalls the moment her life changed. What began as persistent fatigue and unexplained...

Technology

Upon completion, both the current South African entity and the U.S. firm will cease to exist, with the merged company becoming the surviving entity....