East African Cables Plc, one of the region’s leading manufacturers of electrical cables and conductors, has formally opened its doors to potential investors in a bid to revive operations and steer the company out of administration. PwC, acting as administrator, issued a call for Expressions of Interest (EOIs) in a structured investor transaction process, targeting both financial and strategic investors.
The call for EOIs, published by PwC, highlights the critical juncture at which the company stands. Having entered administration due to liquidity challenges and the inability to meet its debt obligations particularly to a senior secured lender, East African Cables is now seeking pathways to financial recovery or acquisition.
Founded and headquartered in Nairobi, East African Cables (EAC Kenya) has long been a dominant player in the East and Central African markets. The company operates two major manufacturing facilities with a production capacity of 750 metric tonnes (MT) of copper cable and 600MT of aluminum conductor monthly.
Its product range caters to domestic, industrial, and utility applications, supplying markets in Kenya, Tanzania, Uganda, South Sudan, and Rwanda. The firm is recognized for its strong brand, technological capabilities, and wide distribution network.
However, despite its industrial prominence, EAC Kenya has struggled under the weight of debt and working capital constraints, prompting PwC’s appointment as administrator under the Insolvency Act.
According to the notice issued by PwC, the administrators George Weru and Muniu Thoithi are now inviting credible proposals aimed at rescuing and sustaining the company. Three strategic investor options are on the table:
Recapitalization to deleverage and inject much-needed working capital.
Refinancing of existing debt to a more sustainable profile.
Acquisition of the business and its assets as a going concern.
The administrators are keen to explore any other viable structure that aligns with the broader objective of returning EAC Kenya to viability while delivering better outcomes for creditors than liquidation would.
“The process is flexible with respect to potential transaction structures,” reads the statement, underscoring PwC’s openness to both financial and strategic investors. Interested parties are urged to submit a comprehensive EOI package including details such as the investor’s profile, proposed deal structure, strategic rationale, and financial capabilities.
The deadline for submissions is 5PM East African Time on 8 August 2025. Only shortlisted parties will proceed to the next phase, following the signing of a Non-Disclosure Agreement (NDA).
EAC Kenya is not merely a distressed asset it is a company with deep market integration, a loyal customer base, and technical expertise. PwC’s administration efforts are, therefore, focused on preservation rather than dismantling.
In a market hungry for infrastructure expansion and power connectivity, especially across East Africa, the demand for electrical cables and accessories remains robust. As governments scale up electrification efforts, firms like East African Cables are critical to realising those goals provided they can overcome short-term financial hurdles.
Interested investors are required to submit EOIs to:
The Joint Administrators
East African Cables PLC (in Administration)
C/o George Weru and Muniu Thoithi
PwC Tower, Waiyaki Way, Nairobi, Kenya
Email: ke_eacke.administrators@pwc.com
Phone: +254 (20) 285 5000
EOIs must include proposed transaction structure, financial backing, and due diligence plans.
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