CMA and NSE

East African Cables limited owned by TransCentury was fined by the CMA for operating with a negative working capital and put on a monthly microscope to remedy their position.

Cytonn Investments was fingered for conducting regulated business without a valid license and given up to September 2017 to obtain a license.

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East African Portland Cement failed to submit shareholding category report by August 2017. Currently, the troubled cement maker has not released their financial statements.

TransCentury also failed to maintain adequate working capital. The company is currently trying to restructure debt under the new ownership of Kuramo Capital.

Shelter Afrique and Iseme delayed in submitting interim financial results and we’re fined a total of Sh188,000

Kenya Orchids failed to announce the change of management within 24 hours and we’re cautioned by CMA

UAP Old Mutual was cautioned for late submission of risk-based capital adequacy forms while Citidell was also reprimanded for late submission of resource-based capital adequacy forms

 

 

 

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