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Sh871m KCB loan defaulter Spencon put under receivership

A KCB outlet. The lender is seeking to recover Sh871 million from Spencon. PHOTO | FILE

A road construction firm that owes KCB Group Sh871.2 million has been placed under administration of PricewaterhouseCoopers (PwC).

Spencon Kenya Limited was placed in the hands of PwC executives Kuria Muchiru and Muniu Thoithi effective December 8, according to a Kenya Gazette notice announcing the move.

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