MORE THAN SH5BN RE­QUIRED

The Star (Kenya) - - Counties Western -

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.

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