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National Cement Holdings completes acquisition of CIMERWA in $85 million deal igihe.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from igihe.com Daily Mail and Mail on Sunday newspapers.
THE STANDARD By Frankline Sunday | February 11th 2021 at 00:00:00 GMT +0300 The board at troubled cement manufacturer East African Portland Cement Company (EAPCC) has shown acting managing director Stephen Nthei (pictured) the door. In a statement yesterday, the board named company insider Daniel Kiprono the new acting MD, ending Nthei’s 19-month stint at the helm. “The board of directors of the company wishes to inform the shareholders that Mr Daniel Kiprono has been appointed as the acting managing director of the company with effect from February 8, 2021,” said the company in a statement. Kiprono’s appointment means the embattled firm’s search for a new substantial MD continues after Nthei’s predecessor Peter Nkeri was sent on compulsory leave in February 2019, just months to the end of his first term in office. ....