Naivasha-based Keroche Breweries’ owners have ruled out the possibility of selling the firm facing an uncertain future after the Kenya Revenue Authority (KRA) closed its factory over a Sh22.79 billion tax bill.
The finances of Keroche, a private company, are not publicly available but it is expected to struggle to raise the billions of shillings if the KRA has its way, placing the brewer’s assets and those of its shareholders at risk.
