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Lebanese firm Zakhem faces insolvency suit over Sh460m debt

Azicon Kenya Ltd said it was subcontracted by Zakhem International for electrical, instrumentation and telecoms installation works.

Photo credit: Shutterstock

By  Sam Kiplagat

Court Reporter

Nation Media Group

A Kenyan firm has filed insolvency proceedings against Lebanese firm Zakhem International Construction Ltd over a debt of about Sh460 million.

Azicon Kenya Ltd filed the petition before the High Court in Nairobi seeking to liquidate Zakhem International, over a debt of $3,560,857, which has been pending since 2020.

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