KMC survival in doubt over mounting losses
Nairobi, July 12 -- Auditors have expressed doubt over the long-term survival of the State-owned Kenya Meat Commission (KMC) due to sustained losses that are straining its ability to continue as a going concern.
The meat supplier's net loss in the year to June 2025 more than doubled to Sh410 million from Sh168 million a year earlier, after sliding back to the red following a brief profit run in 2022.
KMC's management attributed the increased loss making in the review period to cash flow challenges resulting from unpaid bills by several State agencies, which comprise the bulk of its clientele.
An audit of its book by the Auditor-General's office revealed that the firm is also operating far below capacity due to worn-out machines, huge u...
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