Kenya Farmers Association on recovery path after settling Sh1b debt

Kenya Farmers Association (KFA) is back on its feet after clearing most of its debts amounting to over Sh1 billion. The debt owed to creditors had accumulated over the years.

The Managing Director, Simon Cherogony, admitted yesterday that the debts owed to two commercial banks, state agencies, workers and suppliers had crippled operations of the organisation.
Mr Cherogony, who took over in 2006, blamed the huge debt dating back to the 1990s on poor management. He credited the turnaround in the financial health of the organisation to the current board.