×
App Icon
The Standard e-Paper
Stay Informed, Even Offline
★★★★ - on Play Store
Download App

Bid to raise funds leaves asset rich, cash poor KPCU with bitter taste

Kenya Planters Co-operative Union (KPCU) offices, Building along Haille Selassie avenue in Nairobi, Kenya on May 10, 2020. [Elvis Ogina, Standard]

The New Kenya Planters Co-operative Union (New KPCU) is inheriting assets worth more than Sh7 billion from its liquidated predecessor even as it grapples with challenges of missing ownership documents and titles charged on mysterious debts.

A final report of the liquidators Stephen Kamau Njoroge (assistant director of Co-operative audit) and Anthony Maina Waithaka (principal Co-operative auditor) shows the extent of rot at the former liquid entity that almost went under.

Premium Article

Get Full Access for Ksh299/Week.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902

Related Topics

KPCU New KPCU