New KCC,New KCC debts Stories

The company's liabilities exceed its assets by Sh1.2 billion, indicating severe cash flow challenges exacerbated by reliance on bank loans and overdra...

In addition to condemning early campaigns, the bishops called for economic justice through reforms in policies such as the housing levy and taxation.

Ruto appealed to religious leaders to work with the government to foster national unity and build a stronger Kenya.

They accused leaders of repeatedly making empty promises, especially concerning critical issues like healthcare.

Compounding these issues, New KCC is also liable for Sh204 million it owes former employees who were laid off in 1997.

The committee members expressed concern for the petitioners, many of whom are now elderly.

Oparanya warned that no additional capital would be allocated until the KCC can demonstrate its ability to sustain operations.

He directed New KCC to immediately review milk prices and buy from local farmers at Sh53 per litre.

Plans are underway to establish a Sh3 billion milk price-stabilising fund, implemented by the New KCC.

The CS said he will now write to the Treasury CS on the issue of the 2019 cabinet resolution.