This archive report was first published on 19 August 2021.
Published on August 19, 2021, a local bank has begun the process of recovering a Sh1.8 billion debt owed by the Naivasha-based Karuturi flower farm.
The bank, Stanbic Bank, has been given the go-ahead by the Supreme Court to sell the assets of the farm to recover the loan.
As a result, more than 3,000 former workers of the farm have been served with a two-month notice to leave company's houses.
The move has left the workers, who are still waiting for their dues, in a state of uncertainty.
According to Moses Maina, a representative of the workers, some of them had served the flower farm for close to 30 years before it was closed down.
He added that the workers, through their Sacco, were owed more than Sh22 million which they had diligently served for years before it went down.
“The receiver-manager is aware of all these debts but he has kept quiet and instead issued us with a two-month vacate notice,” Maina said.
Olkaria MCA Peter Pallang’a has termed the closure of the farm a major blow to the economy of the region and hundreds of workers who were in the dark over their dues.
He wondered what would happen to the hundreds of students in Sher Moi primary and secondary schools who had even registered for national exams.
