Intrigues that saw Sh18 billion Panpaper sold off for Sh900 million

Pan-Paper Mills, Webuye. The manufacturer suspended operations due to financial crisis {Photo Courtesy}

The engines at the Pan-African Paper Mills went silent on a Friday morning in March 2009.

There were less than 10 days left to payday for the 1,000-plus employees of the paper manufacturer. And as they streamed in one by one to a firm some had worked at for more than three decades, they came across the shock of their lives.