Covid’s saving grace for cash-strapped firms

virtual meeting

A virtual meeting in progress.

Photo credit: Shutterstock

What you need to know:

  •  Shareholders are now desperate for any extra cash especially since they have been hit by redundancies and salary reductions which has a negative impact on people’s savings.
  • Bank shareholders are used to taking the buttered slice come rain come shine walking away with billions of shillings each year.

With two managing directors, a boardroom war and a contentious asset stripping, East Africa Portland Cement is glad it can hide behind a computer when they meet shareholders on March 11.

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