Nairobi, Sept. 3 -- As the stocks of Mumias Sugar, ARM Cement and Deacons East Africa enter an eighth year under suspension at the Nairobi bourse, investors are demanding answers from the capital markets regulator over the delays in resolving the companies' receiverships.

The three stocks are among the six that are currently frozen from trading at the Nairobi Securities Exchange (NSE), locking in Sh27 billion in paper wealth for the affected investors.

A shareholder of Mumias Sugar, Taiti Hanningtone, has now petitioned the Capital Markets Authority (CMA) through city law firm I.C. Law LLP, asking for reasons for the continued suspension of the stock, and whether the company has been complying with regulations requiring it to furnish sh...