Sharp Daily
No Result
View All Result
Monday, October 6, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

East African Portland Cement denies shutdown reports, assures normal operations

Huldah Matara by Huldah Matara
December 20, 2024
in News
Reading Time: 1 min read

East African Portland Cement PLC (EAPC) has categorically denied allegations aired by Citizen TV suggesting its operations have been shut down due to a KES. 500 million debt. The Ministry of Mining, Blue Economy and Maritime Affairs, and EAPC jointly issued a statement to assure stakeholders and the public that factory operations continue uninterrupted.

“These reports are inaccurate. The EAPC factory is still running and producing cement as usual,” the statement emphasized. The organization clarified that while quarrying activities have been temporarily paused to meet environmental and sustainability standards, this has not affected cement production or market availability.

The misleading claims raised concerns about the company’s financial health and its role in the construction sector. EAPC’s Acting Managing Director, Mohamed Adan, reassured the public of the company’s commitment to transparency and high-quality products. “We understand the concerns this misinformation may have caused and remain committed to keeping our operations transparent,” Adan stated.

Echoing this sentiment, Elijah Mwangi, Principal Secretary at the State Department for Mining, reinforced the government’s support for EAPC’s ongoing contribution to Kenya’s infrastructure growth. “EAPC continues to serve the construction industry with quality cement products and to play a key role in building Kenya’s future,” Mwangi said.

RELATEDPOSTS

High Court blocks Obodha’s appointment amid legal dispute

January 3, 2025

EAPCC resumes dividend payments after 13-Year hiatus

December 2, 2024

EAPC’s clarification comes amidst heightened scrutiny of public sector firms and their financial accountability. The company remains steadfast in its mission to serve the construction sector, balancing environmental compliance with operational efficiency.

 

Previous Post

Evaluating the best methods for acquiring assets

Next Post

How Escrow accounts revolutionize land dealings with enhanced security

Huldah Matara

Huldah Matara

Versatile multimedia journalist with a keen interest in compelling stories that resonate with my audience. Reach out on huldahmatara12@gmail.com

Related Posts

News

Kenya Q2’ 2025 GDP growth accelerates to 5.0%

October 3, 2025
News

Argentina’s crisis and Kenya’s lessons on political economy and market confidence

September 25, 2025
News

Kenya’s financial system remains stable but faces rising risks

September 25, 2025
News

Where do Kenyan stock returns come from? A napkin framework

September 19, 2025
News

September snapshot: CMMF yields 13.12% as month unfolds

September 5, 2025
Private equity investment business concept
News

Private equity and insurance

September 4, 2025

LATEST STORIES

The Role of Micro-Pensions Plans in Kenya

October 3, 2025

Understanding the link between international aid and cooperative finance stability in Sub-Saharan Africa

October 3, 2025

Kenya Pipeline Company IPO

October 3, 2025

Kenya Q2’ 2025 GDP growth accelerates to 5.0%

October 3, 2025

Kenya’s Regulated SACCOs Cross Trillion Shilling Mark

October 2, 2025

Post-September review: What CMMF did and what’s next

September 26, 2025

Strengthening water utilities through efficiency and accountability

September 26, 2025

Retirement Benefits Schemes Trustee Governance in Kenya

September 26, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024