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November 19, 2025
2h ago

Govt Reveals Plan to Lease Another Company

Govt Reveals Plan to Lease Another Company

The company has a debt of Ksh3.5 billion owed to suppliers and in staff pension arrears, as well as an additional Ksh10 million owed to farmers...

✨ Key Highlights

Agriculture Cabinet Secretary Mutahi Kagwe has announced plans to lease the struggling Pyrethrum Processing Company of Kenya (PPCK) to private investors. This decision, prompted by the company's financial woes and employee consensus, awaits cabinet approval.

  • The PPCK currently generates a mere Ksh35 million annually, with its best performance reaching Ksh60 million, and carries a debt of Ksh3.5 billion.
  • Agriculture Cabinet Secretary Mutahi Kagwe stressed that the government will first clean up PPCK’s balance sheet, value its assets, and perform due diligence before a private operator takes over.
  • The government will immediately clear Ksh10 million owed to farmers for pyrethrum deliveries from August to October.

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