Portland plan to sell land hits hurdle amid layoffs

East Africa Portland Cement Company. FILE PHOTO | NMG

Troubled East Africa Portland Cement Company (EAPCC’s) efforts to raise Sh45 billion from the sale of its 12,000 acre land in Mavoko have hit a snag.

The move to keep the cement maker afloat has encountered a hitch as one of its shareholders is yet to approve and sign minutes of the September 27, 2019, extra ordinary general meeting last month.

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