Parliament, regulator wade into Portland Cement raging dispute
PHOTO | FILE Capital Markets Authority (CMA) chairman Kung’u Gatabaki speaks during the issuance of Shelter Afrique's Sh8 billion bonds at the Exchange an event that was held at the Stanley Hotel in Nairobi on October 24, 2013.
CMA says it will take action against directors while House team to summon ministry officials
On Tuesday, Portland Cement Company annual meeting ended in disarray after government officials, led by Industrialisation principal secretary Wilson Songa and the National Social Security Fund representative accused the board of directors of mishandling the AGM.
The battle for supremacy at the East Africa Portland Cement Company took a new turn Wednesday with the market regulator saying it will take action against the firm’s directors as Parliament said it will summon the ministry officials.
On Tuesday, Portland Cement Company annual meeting ended in disarray after government officials, led by Industrialisation principal secretary Wilson Songa and the National Social Security Fund representative accused the board of directors of mishandling the AGM.
