US EditionKenyan tycoon Humphrey Kariuki’s beverage business faces insolvency
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Kenyan tycoon Humphrey Kariuki’s beverage business faces insolvency
Key PointsKenya’s tax authority triggered the move after a $317 million dispute; all company operations now fall under an administrator’s control.Administrator Peter Kahi has invited creditors to submit claims by July 18, 2025, with company directors suspended from operational control.The ASL case highlights ongoing risks in Kenya’s alcohol industry amid tax enforcement and restructuring pressures.Africa Spirits Limited (ASL), the alcoholic beve…
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