Spotlight on severance perks as more firms slide into insolvency
Number of firms under administration in Kenya at the end of 2021 was eight times higher than in the previous year.
Source: nation.africa
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PVR Rao: 'The unwilling suitor' in Mumias revival union
He was appointed by KCB Group as the receiver-manager of Mumias Sugar in 2019 after the miller failed to pay its debt running into millions.
Source: businessdailyafrica.com
Receiver managers turning hangmen for struggling firms
Government receiver Mark Gakuru said there are rising cases where company owners obtain court injunctions just to stall the process as they strip company assets during which litigation drags in...
Source: businessdailyafrica.com