Longhorn set for Sh200m injection amid cash crunch

A worker arranges books at Longhorn Publishers warehouse in Nairobi’s Industrial Area.

Photo credit: File| Nation Media Group

Longhorn Publishers Plc is to get a fresh capital injection of Sh200 million from the shareholders amid a cash crunch following losses and declining sales in the Kenyan market.

The Nairobi Securities Exchange-listed company says its top shareholder —Centum Investment Company Plc— has issued a letter of support committing to provide its financial support for the next 12 months.

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