Home Business Eight Nyeri coffee factories face auction over Sh163m debt

Eight Nyeri coffee factories face auction over Sh163m debt

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Business Daily | by Irene Mugo

Eight coffee factories affiliated to Rumukia Cooperative Society in Nyeri are set to be auctioned by their lender over unpaid debts amounting to Sh163 million.

Taifa Sacco through Green Bell Auctioneers seeks to reclaim farmers’ assets in all the factories under the cooperative to offset the debts that have pushed it to its knees.

The auctioneers have been ordered to collect farmers’ parchment worth Sh16 million, weighing machine worth Sh400,000…

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