Kenya’s second largest cement maker suspended from Nairobi Securities Exchange
SEE ALSO :Rwandan bank ends NSE listing droughtNigeria-headquartered UBA Bank, which led the onslaught, appointed joint administrators from audit firm PricewaterhouseCoopers (PwC) on Friday. The lenders wrestled control of the firm from the new board set up less than a week, making it the latest company to face the prospects of liquidation. The appointed administrators, Muniu Thoithi and George Weru, are experienced receiver managers for family-owned businesses facing financial troubles. Mr Weru said the main task at hand is to take control of the firm after which they will conduct a thorough analysis of its financial health.