Sharp Daily
No Result
View All Result
Thursday, May 28, 2026
  • 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’s telecom regulator moves to penalise poor network quality

May 28, 2026
Analysis

HF group rebrands to HFCB in strategic transformation move

May 28, 2026
News

The role of corporate earnings in stock market performance

May 28, 2026
Economy

Kenya set to earn Sh41.5 billion tax windfall from Diageo’s EABL exit deal

May 28, 2026
E-mobility

Kenya weighs payslip tax cuts as pressure mounts to ease cost of living

May 26, 2026
News

The Expanding Role of SACCOs in Kenya’s Credit Market

May 25, 2026

LATEST STORIES

Kenya’s telecom regulator moves to penalise poor network quality

May 28, 2026

HF group rebrands to HFCB in strategic transformation move

May 28, 2026

The role of corporate earnings in stock market performance

May 28, 2026

Kenya set to earn Sh41.5 billion tax windfall from Diageo’s EABL exit deal

May 28, 2026

Bridging the Pension Coverage Gap in Kenya’s Informal Sector

May 26, 2026

Kenya Bankers Association’s 5% PAYE cut proposal

May 26, 2026

Kenya weighs payslip tax cuts as pressure mounts to ease cost of living

May 26, 2026
Kenya power technicians install a transformer at Ibutuka Village in Mbeere North in Embu County (Murithi Mugo, Standard)

Kenya plans coastal power barge as grid reserves run thin

May 25, 2026
  • 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