Abel Mutua narrates how his company lost Sh5 million in months

Abel Mutua said that the company ended up with a deficit of Sh5 million with unfinished projects and they had to ask friends and family for help.

Renowned actor and scriptwriter Abel Mutua has revealed how Phil-It productions, a company he co-founded with Philip Karanja lost millions. According to the father of one, in 2017, the company earned millions after it was contracted to produce two shows, Hullabaloo and Sue and Johnny. However, bad decisions by the directors led the company to run out of money all the episodes were produced.

"We made a decision to ensure that our employees were given generous salaries. At the time, we did not have an accountant and we thought the money was in excess," he narrated.