Keroche financial crisis deepens, defaults on tax

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Keroche Breweries chief executive officer Tabitha Karanja. FILE PHOTO | NMG

The cash crisis facing Kenya’s second-largest beer maker Keroche Breweries has deepened after it defaulted on a tax repayment plan and ran into salary arrears by more than two months.

The Business Daily has learnt that trouble at the Naivasha-based brewer became apparent in December when it was shut down by officials of the Kenya Revenue Authority (KRA), but the matter was quietly resolved during the festive season.

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