KBC fears closure over Sh10bn pension arrears



Business Daily | by Joseph Wangui


Financial woes facing the State broadcaster, Kenya Broadcasting Corporation (KBC), have deepened after a judge allowed its employees to recover nearly Sh10 billion in unremitted pensions and lost income for over 11 years.

Payment of the sums at once could see the broadcaster shut, as it informed the court that it may “halt its operations” because “it shall be unable to meet its financial obligations including payment of salaries”…

Read more…

 


LEAVE A REPLY

Please enter your comment!
Please enter your name here