Interesting.

http://www.businessdaily.../-/oeg2k0z/-/index.html

Which also means EAC will have no more spare cash going forward (for a few years) as it expands its factory & warehouses.

When one looks at the costs of borrowing money in Kenya, it makes sense for EAC to use every extra dime to pay down the loan it will need for expansion.

Is a Rights Issue on the way?
Is the dividend going to be curtailed like Centum did? [Not a bad idea if it uses the cash to expand or pay down debt]

http://www.businessdailyafrica....2/-/126pymr/-/index.html

EA Cables' new factory will produce medium voltage wires to feed rising demand by regional power companies, which currently rely on imports from India.