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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Govt Plans Leasing of PPCK as KSh17B Mombasa Deal & Talanta Stadium Loan Face Scrutiny - November 2025
The government is facing scrutiny over several large-scale financial deals and plans. Agriculture Cabinet Secretary Mutahi Kagwe has announced plans to lease the struggling Pyrethrum Processing Company of Kenya (PPCK) to private investors, a decision pending cabinet approval. Meanwhile, Kiharu MP Ndindi Nyoro has alleged the existence of a hidden loan for the Talanta Stadium, claiming it will ultimately cost taxpayers Ksh145 billion. Separately, Nyali MP Mohammed Ali has petitioned the EACC to investigate a Ksh17 billion waste management deal between the Mombasa County Government and a Ghanaian company, citing alleged irregularities and lack of transparency.
