The Kenya Planters Co-operative Union (KPCU) is set to be liquidated in the next six months, a move aimed at recovering billions owed to the union by prominent businessmen and politicians.
On August 2, 2019, Acting Commissioner for Co-operative Development Geoffrey Njang'ombe issued a gazette notice appointing a team of four officials to oversee the liquidation process.
The team, comprising Stephen Kamau Njoroge, Doris Wangui Githua, Anthony Maina Waithaka, and Joyce Nkirote Kinuu, will take custody of KPCU's properties, including books and documents necessary for the completion of the liquidation.
The decision to liquidate KPCU was made by Trade and Industrialisation Cabinet Secretary Peter Munya, who cited mismanagement, corruption, and failure to comply with the Cooperatives Act as reasons for the move.
According to Mr. Munya, the union has failed to properly manage coffee farmers' assets, leading to its liquidation.
The liquidation process is expected to be completed within six months, and it remains to be seen how the billions owed to KPCU by prominent figures will be recovered.