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Liquidation period for KPCU is extended
The entrance to Kenya Planters Co-operative Union (KPCU) offices at Wakulima House in Nairobi.
Photo credit: Evans Habil | Nation Media Group
What you need to know:
- KPCU was placed under receivership in October 2009 over a Sh700 million debt.
- Deloitte Consulting Ltd was appointed receiver managers.
The government last week extended the liquidation period of the once-giant coffee miller Kenya Planters Co-operative Union (KPCU) for a further six months, delaying the sale of the troubled entity and settlement of creditors’ dues.
In a gazette notice, the Commissioner of Co-operative Development David Obonyo extended the tenure of Mr Stephen Kamau Njoroge, assistant director of Co-operative Audit for the period.
