Kenya regulator approved Cable Experts acquisition of East African Cables stock

Published on 10/14/2026 at 05:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

East African Cables stock faces an October 31, 2026 results deadline. The transaction covers 68.37 percent and 173.07 million shares after approval.

Rescue acquisition and results deadline

Kenya's competition authority approved the acquisition on October 2, 2026.
The transaction covers 68.37 percent, or 173.07 million shares.
Interim results for the six months to June 30 are due by October 31, 2026.

CABL, KE0000000174, Illustration mit AI erstellt.

Kenya regulator approved Cable Experts acquisition of East African Cables stock on October 2, 2026, clearing a major step in the rescue of the Nairobi-listed cable manufacturer. Business Daily reported that the Competition Authority of Kenya approved Cable Experts Limited's planned acquisition of a 68.37 percent stake.

Approval clears a rescue step

The transaction concerns 173,071,149 shares held through Cable Holdings, a subsidiary of TransCentury. The stake represents 68.37 percent of East African Cables, while minority investors hold the remaining 31.63 percent, according to Khusoko on October 6, 2026.

Cable Experts signed the share purchase agreement on May 19, 2026. The deal is designed to retire East African Cables' secured bank debt and keep the manufacturer operating, with products spanning copper and aluminium electrical cables, house wiring, data solutions and fiber-optic products.

What does the deadline mean?

East African Cables has set October 31, 2026, as the latest date for interim results covering the six months to June 30, 2026. Fintech Association of Kenya quoted company secretary Virginia Ndunge as linking the delay to the administration process and the share purchase transaction.

The reporting date matters because the company has been under administration and its shares have been suspended on the Nairobi Securities Exchange since June 2025. Business Daily reported that the shares stood at KES 1.71 when trading was suspended, implying a company value of KES 432.8 million at that time.

Chronology of the transaction

On May 19, 2026, Cable Experts signed the agreement covering 173,071,149 shares, according to Khusoko. On October 2, 2026, the Kenya Gazette carried the competition authority's approval, as reported by Capital FM. On October 31, 2026, the six-month interim results deadline is scheduled to arrive, according to Fintech Association of Kenya.

Next reported date

The next substantiated company date is October 31, 2026, when interim results for the six months to June 30, 2026, are due. The figures will provide a financial checkpoint for the rescue process and its effect on secured debt, operating continuity and minority shareholders.

Market context

East African Cables is listed on the Nairobi Securities Exchange under the ticker CABL. Its operating footprint includes Kenya, Tanzania and the Democratic Republic of Congo, while its products serve construction, energy and infrastructure customers across East and Central Africa.

Market context: Latest market reports.