Thursday, June 30, 2005

KCC changes hands (once again)

In a political changeover long expected, KCC (Kenya Co-operative Creameries) and KCC 2000 have been taken over by New Kenya Co-operative Creameries. - and a notice to that effect was posted in the daily papers this week. This raises a lot of focus as it legitimised the KANU deal that controversially converted KCC into KCC 2000 and this new deal will provide quite a windfall for whoever has just sold KCC 2000. However the sale is likely to be challenged in court as it does not transfer any liabilities from the original collapsed (and debt ridden) KCC.

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