Prime

Billionaire Rai family buys PanPaper for Sh900m

Pedestrians walk past the closed PanPaper Mills in Webuye town. PHOTO | FILE

The billionaire Rai family has bought the collapsed PanPaper Mills for Sh900 million, paving the way for reopening of the factory that closed shop in 2009.

Jaswant Rai, the chairman of the business group, told the Business Daily that they had acquired the company and will revive it within the next few months.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.

Get it First!

Stay up to date on the editors' picks of the week.

Latest

  1. PRIME Enhance use of digital speed cameras for traffic

  2. PRIME Rubis takes 34pc share of Kenya's jet fuel market

  3. PRIME Thugge raises compliance fees for non-deposit-taking credit firms

  4. PRIME The 50-year-old building the body she wants at 80

In the headlines

View All