State plans to revive pyrethrum company amid insolvency claims

The Ministry of Agriculture plans to revive the Pyrethrum Processing Company of Kenya amid claims of insolvency and sabotage by a section of managers...

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The Ministry of Agriculture plans to revive the Pyrethrum Processing Company of Kenya (PCCK) following an audit report by Auditor General Nancy Gathungu, which declared the company insolvent. This comes amidst allegations of internal sabotage and mismanagement within the company.

PCCK faces a negative working capital of Sh946,440,000 and a cumulative deficit of Sh671,593,000 as of June 30, 2024.
Agriculture Principal Secretary Paul Ronoh and Chairman Granton Samboja revealed wrangles and alleged sabotage by some managers, including the loss of a Sh50 million buyer.
An extraction plant purchased in 2006 for Sh305,872,000 has never been commissioned, and the company operated at a suboptimal capacity of 411 metric tons in FY 2023/2024 against a capacity of 9,125 metric tons.

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