NAIROBI Jan 17 (Reuters) - Kenya's Capital Market Authority (CMA) has imposed a 60-day trading ban on the already suspended shares of East African Portland Cement (EAPCC) to protect investors from a dispute between its board and the government.

The Nairobi Securities Exchange (NSE) halted trading in the company's shares on Dec. 27 after the government, which owns 25 percent of the cement maker, dissolved the board, citing an improper tendering process for clinker -- a lumpy intermediate product in the production of cement.

The High Court later ruled that the government had no power to order the board's dissolution, paving the way for the board's reinstatement earlier this month.

"The authority has set down an initial suspension period of 60 days to allow EAPCC to address all outstanding concerns on compliance with the regulatory obligations imposed on listed companies," CMA Chairman Kung'u Gatabaki told reporters.

"We want to restore confidence in the capital markets," he said.

EAPCC is the second company listed on the Kenyan stock exchange to be suspended in less than six months over governance and compliance issues.

Car retailer CMC Holdings was suspended in September following fraud claims involving its former chairman.

Gatabaki said a foresic audit was still being conducted into CMC Holdings, which remains suspended from the exchange. (Reporting by Beatrice Gachenge; Editing by Richard Lough and Will Waterman)

This situation is getting really messy..

This was widely expected.

My only question is who's next?

i dont mind Olympia, after teir Bots + SA song, they disclose they are in N.K, next they will announce their investment in Iran is below expectation

I also thought listed companies should have at least 25% of shares available for public trading. Why is EAPC still listed?

i thought nse had circuit breakers for max plunge protection of 10% per trading day. @ EAPCC down 40% ???

junk stock ni understatement. this is not even a stock! i pity the owners of EAPCC..

They say you should buy when there is blood in the street, I wouldnt buy this counter even when skeletons were on the street...atleast not with my hard earned money.

i see it was only 500 shares.This does not mean much, if it was high volume then that would be a problem.lets see how it trades pps and volume over the next few days.