KFA officials put a strategy to clear its debt
Officials of the Kenya farmers association have embarked on putting down measures on how to clear its debt at the National and Barclay’s banks if the government does not come in to their aid.
Uasin Gishu KFA director Kipkorir Menjo states that it was not a huge thing to revive the company but the process of revamping had been derailed by those wanting to profit illegally from the association.
Menjo stated that those who had tried to grab KFA assets had already sold some of the assets and that not much is owed to the banks at the moment.
Initially KFA owed the National bank about 400 million shillings but according to Menjo KFA assets which have already been sold is almost the total amount they owed the bank.
They now want the banks to give them the actual figure of the money KFA currently owes the banks.
Ends…………Carolyne Koech