With over 53 million dollars loan to pay in yen denomination, East African Portland Cement is headed for rough waters. The Yen has appreciated against the Kenya Shilling by almost 40%. If EAPC profits wont be dented, they will be wiped out, period. {|=

Results will be out today.......Get ready for a loss.

Sure-you are not the only one who has questioned the sanity of the Board and senior managers at EAPC re this Yen loan. The amount of losses EAPC has made would have made anybody swap it locally with Ksh, but no.
I wonder what the shareholders talk about at the AGMs. The size of the chicken portions?

The usdjpy is at 15yr low since this is read as usd vs jpy. Anyway the yen has gained against major currencies. The swiss franc too has done the same. The $ safe haven status is at stake as per the moves of the yen (despite japan being in heavy debt) & franc plus gold & silver.
EAPC will bleed on this huge yen gains. It's becoming suicidal to borrow in forex as the money sys is under stress since 2008. It's a good thing gov shelved that eurobond. I don't think the yen will gain anymore going forward since forex COT (Commitment of Traders) shows a bullish extreme of yen positions. This warns of a major turn just like what happened to the eur/usd. I also expect the BoJ (bank of japan) to intervene on the yen strength since the jap econ is on the ropes & exports matters to this econ.

I agree with kizee. more to this companies should not always look to govt to bail them when its their own blunder (lack of planning)