State-owned pyrethrum processor now insolvent, reveals Auditor-General

Auditor General Nancy Gathungu. PHOTO | NMG

Kenya’s pioneer pyrethrum processing company is technically insolvent and requires government support, according to the latest audit report.

The report by Auditor-General Nancy Gathungu for the year ending June 30, 2019, shows that Pyrethrum Processing Company of Kenya recorded a negative working capital of Sh481 million.

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