Multiple Haulers
File | Nation Media Group

Debt-ridden logistics firm Multiple Hauliers stares at liquidation

What you need to know:

  • NCBA Bank has revealed that it placed Multiple Hauliers under administration on June 7, 2021.
  • Retail chain Nakumatt, construction experts Spencon, flower firm Karuturi and cement maker ARM all went down after being placed under administration or receivership.

For the second time in two years, one of Africa’s largest logistics firms is staring at death as it slides into administration after defaulting on bank loans.

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