East African Cables to sell Sh115m Tanzania unit

East African Cables manufacturing plant offices in Industrial Area, Nairobi.   

Photo credit: File | Nation Media Group

Manufacturer East African Cables is set to dispose of its Tanzanian subsidiary with the sale of its 51 percent stake.

The company says it has entered into a share purchase agreement with Msufini Tanzania Limited, a manufacturer of chlorine and sodium hydroxide in Tanzania.

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