Amid the mounting debt and losses, KMC has been unable to service many of its equipment, reducing its production capacity.
By
Vincent Owino
Business & Technology Reporter
Nation Media Group
Auditors have expressed doubt over the long-term survival of the State-owned Kenya Meat Commission (KMC) due to sustained losses that are straining its ability to continue as a going concern.
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KRA had argued that discrepancies between import records, VAT returns, and financial statements justified additional tax…
KCB Group’s profits fell after it shut 15 branches in conflict-hit eastern DRC due to rising insecurity.
Manufacturers attributed the low capacity utilisation to high production costs.
Growth majorly driven by growth in interest-earning assets and a drop in interest expense.
