This archive report was first published on 15 August 2019.
Published on August 15, 2019, a court document revealed that Mo Sound Events, owned by Kevin Mulei, was threatened with bankruptcy for failing to pay a debt of $3,265.4 (approximately Kshs. 337,000).
Mo Sound, which provides event planning, management, and production services, has been in a financial bind since January 2018, when it failed to pay Kenya Energy Services Limited for leasing services.
The company received two invoices dated January 25, 2018, and August 24, 2018, but failed to make the payments despite demands from the creditor's lawyers.
A statutory demand from the High Court ordered Mo Sound to pay the debt or face bankruptcy. The company's owner, Kevin Mulei, is known for his flashy lifestyle, which includes importing and driving top-of-the-range German cars.
It remains to be seen whether Mo Sound will be declared bankrupt, but one thing is certain - the company's financial woes have left many in the industry surprised.
