Kenya: East Africa Portland Cement Company (EAPCC) has declared an intention to sell two parcels of idle land in Machakos County totalling an area of 2000 acres. Business Daily reports that the 40-day leniency period in which for the company to clear its debts expires on 11 September 2019. Shareholders will vote at an extraordinary general meeting (EGM) on 27 September 2019 on whether to sell the land. To sell the land, EAPCC must first evict 14,300 resident squatters.
EAPCC seeks land sales to close debt gap
Written by Global Cement staff
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