Billionaire businessman Chris Kirubi’s payout from the release of his BIC franchise to French conglomerate Société BIC is set to hit Sh1.8 billion after the multinational company indicated that it will make further payments to him over the next three years.
Société BIC has in new disclosures said that it will pay Mr Kirubi’s Haco Industries Kenya an extra €9.9 million (Sh1.1 billion), in addition to the initial €6.3 million (Sh718 million) payout announced earlier.
