KCC could lose Sh500 million to three collapsed supermarkets

Supermarkets
Photo credit: File | Nation Media Group

What you need to know:

  • New KCC incurred Sh255 million loss in 2019/2020 fiscal year, latest audited financial statements show.
  • The report did not provide any update on latest developments past the June 30 last year.

Government milk processor, New KCC, is on the brink of losing over Sh500 million in bad debt for products it supplied to three fallen supermarkets namely Uchumi, Nakumatt and Tuskys.

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