Cable Experts gets approval to acquire East African Cables stock

Published on 10/19/2026 at 01:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cable Experts won approval in an October 2, 2026 Gazette notice. East African Cables stock involves 68.37 percent and 173.07 million shares.

Rescue transaction and shareholder stakes

The October 2, 2026 Gazette notice advanced a 68.37 percent control transaction.
Equity Bank debt of KSh 1.94 billion is central to the rescue plan.
Minority holders represent the remaining 31.63 percent stake.

CABL, KE0000000174, Illustration mit AI erstellt.

East African Cables (KE0000000174) is at the center of a rescue transaction covering 68.37 percent, or 173,071,149 shares, according to Khusoko. The Competition Authority of Kenya approved Cable Experts Limited's proposed acquisition, clearing a regulatory step in the transaction on October 2, 2026.

Approval advances the rescue plan

The approval covers the controlling stake held through Cable Holdings Kenya, a subsidiary of TransCentury. Business Daily reported on October 6, 2026, that the transaction is intended to revive the manufacturer and settle KSh 1.94 billion of secured debt owed to Equity Bank Kenya. East African Cables has been under administration, while its shares have been suspended on the Nairobi Securities Exchange.

Three steps shaped the transaction

The chronology is clear: on May 19, 2026, Cable Experts signed a share purchase agreement covering 173,071,149 shares; on August 21, 2026, the competition authority dated its authorization for the 68.37 percent stake; and on October 2, 2026, the authorization appeared in the Kenya Gazette. These milestones were detailed by Khusoko.

What does the 68.37 percent stake change?

For minority shareholders, the remaining 31.63 percent is the key balance. Cable Experts has sought an exemption from making a mandatory offer for that holding, according to Mjengo Hub. The transaction therefore combines a change of control with a regulatory question affecting investors outside the controlling block.

Suspension sets the market context

East African Cables shares were trading at KSh 1.71 when the suspension began, implying a company value of about KSh 432.8 million. The historical reference does not set a current market price, but it shows the scale of the listed equity involved while the proposed acquisition moves through its remaining steps.