MORE THAN SH5BN REQUIRED
More than Sh5 billion is required for the company to resume operations. The factory’s liabilities when it was placed under receivership stood at Sh6 billion. Electricity bills had accumulated to Sh209 million, prompting KPLC to disconnect power. Pan Paper reportedly went down with more than Sh14 billion owed to international and regional lenders, including the IFC, PTA Bank and the East African Development Bank.