Liquidation period for KPCU is extended

KPCU

The entrance to Kenya Planters Co-operative Union (KPCU) offices at Wakulima House in Nairobi.

Photo credit: Evans Habil | Nation Media Group

What you need to know:

  • KPCU was placed under receivership in October 2009 over a Sh700 million debt.
  • Deloitte Consulting Ltd was appointed receiver managers.

The government last week extended the liquidation period of the once-giant coffee miller Kenya Planters Co-operative Union (KPCU) for a further six months, delaying the sale of the troubled  entity and settlement of creditors’ dues.

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