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Troubled firms shine spotlight on large investors’ analysis
Uchumi Supermarkets outlet in Eldoret that was closed in March last year. The retailer was one of the cash-strapped firms last year. PHOTO | FILE
The rising number of companies that falter after receiving billions in funding from local and foreign institutions has raised questions over the quality of the due diligence done by the seemingly reputable investors.
Kenyan firms have become a magnet for international financiers, who include development finance institutions and private equity funds, with the high returns coming from sectors such as financial services, healthcare, education and real estate over the years.
