Kenya: Debt-Ridden Logistics Firm Multiple Hauliers Stares At Liquidation

For the second time in two years, one of Africa’s largest logistics firms is staring at death as it slides into administration after defaulting on bank loans.

The Kenyatta family-associated NCBA Bank on Thursday revealed that it placed Multiple Hauliers under administration on June 7, an indication that the company is unable to repay a loan of an undisclosed amount.

Ernst & Young seasoned managers Anthony Makenzi Muthusi and Julius Mumo Ngonga have assumed control and management of Multiple…


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