{"id":102714,"date":"2023-09-14T19:01:28","date_gmt":"2023-09-14T19:01:28","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/east-african-cables-wins-kenya-powers-sh232-million-order"},"modified":"2023-09-14T20:03:28","modified_gmt":"2023-09-14T20:03:28","slug":"east-african-cables-wins-kenya-powers-sh232-million-order","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/east-african-cables-wins-kenya-powers-sh232-million-order","title":{"rendered":"East African Cables wins Kenya Power’s Sh232 million order"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>Listed local electrical cables and conductor manufacturer East African Cables, has been awarded the supply tender for electrical cables and conductor\u2019s consignment worth Sh232 million to Kenya Power.<\/p>\n

Being a beneficiary of the procurement opportunity, the firm says it is a positive move by the energy provider to support local manufacturers.<\/p>\n

According to the firm’s CEO Paul Muigai, Kenya Power has steadily increased its efforts to avail procurement opportunities for local manufacturers.<\/p>\n

“This is as part of the government\u2019s Bottom-Up Economic Transformation Agenda (BeTA),” Muigai said.<\/p>\n

He was speaking during the dispatch confirmation of the first batch of electrical cables and the conductor\u2019s consignment.<\/p>\n

He reiterated that in the long term, sustained placing of orders with local manufacturers will have a positive ripple effect on the local economy.<\/p>\n

\u201cAs we flag off the first batch, East African Cables celebrates the continued support by Kenya Power to local manufacturers, which is a boost for the national industrialisation and economic transformation efforts,\u201d he said.<\/p>\n

The firm plans to service the order placed by Kenya Power in several batches running through to the end of the year.<\/p>\n

Muigai says the order placed by the energy provider for medium voltage cables will be delivered under a flexible framework supply model.<\/p>\n

East African Cables manufactures copper cables and conductors for high, medium and low-voltage power transmission intended for domestic applications as well as industrial power applications.<\/p>\n

It also manufactures aluminum conductors and cables used for power transmission and distribution.<\/p>\n

Its products are targeted toward the retail market, the minor and turnkey contractor projects and the utility market.<\/p>\n

The firm boasts of a sustained growth saying it maintained a growth trajectory in the first six months of this year, sustained by growing demand from retail and wholesale sales for building and construction projects.<\/p>\n

The company recorded a 24 per cent growth in profit before tax, attributed to increased sales volumes in the retail sector, sustained market development and communication efforts and improved operating efficiencies.<\/p>\n

This is despite the prevailing macroeconomic challenges, including accelerated depreciation of the Kenya Shilling to the US Dollar and constrained working capital.<\/p>\n

“We managed to maintain strict operating costs containment strategy, leveraging the entrenched continuous improvement practices,” the firm says in a statement.<\/p>\n

For More News And Analysis About Kenya<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. Listed local electrical cables and conductor manufacturer East African Cables, has been awarded the supply tender for electrical cables and conductor\u2019s consignment worth Sh232 million to Kenya Power. Being a beneficiary of the procurement opportunity, the firm says it is a positive move by the energy provider to support local manufacturers. According […]<\/p>\n","protected":false},"author":84,"featured_media":102712,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[6857,7003,544],"class_list":["post-102714","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-kenya","tag-kenya"],"yoast_head":"\nEast African Cables wins Kenya Power's Sh232 million order - kenya<\/title>\n<meta name=\"description\" content=\"Listed local electrical cables and conductor manufacturer East African Cables, has been awarded the supply tender for el ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/east-african-cables-wins-kenya-powers-sh232-million-order\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"East African Cables wins Kenya Power's Sh232 million order\" \/>\n<meta property=\"og:description\" content=\"Listed local electrical cables and conductor manufacturer East African Cables, has been awarded the supply tender for el ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/east-african-cables-wins-kenya-powers-sh232-million-order\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-14T19:01:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-14T20:03:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/09\/sm_1694705448.844811.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/east-african-cables-wins-kenya-powers-sh232-million-order#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/east-african-cables-wins-kenya-powers-sh232-million-order\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"East African Cables wins Kenya Power’s Sh232 million order\",\"datePublished\":\"2023-09-14T19:01:28+00:00\",\"dateModified\":\"2023-09-14T20:03:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/east-african-cables-wins-kenya-powers-sh232-million-order\"},\"wordCount\":396,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/east-african-cables-wins-kenya-powers-sh232-million-order#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/09\/sm_1694705448.844811.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Kenya\",\"Kenya\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/east-african-cables-wins-kenya-powers-sh232-million-order#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/east-african-cables-wins-kenya-powers-sh232-million-order\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/east-african-cables-wins-kenya-powers-sh232-million-order\",\"name\":\"East African Cables wins Kenya Power's Sh232 million order - 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