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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