By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
sauce.co.kesauce.co.kesauce.co.ke
  • News
  • Grapevine
  • Politics
  • Security
  • Business
  • Technology
  • Media
  • Sports
  • Entertainment
Reading: Billionaire Humphrey Kariuki’s liquor business put under administration
Share
Notification Show More
Font ResizerAa
sauce.co.kesauce.co.ke
Font ResizerAa
  • News
  • Grapevine
  • Politics
  • Security
  • Business
  • Technology
  • Media
  • Sports
  • Entertainment
Search
  • News
  • Grapevine
  • Politics
  • Security
  • Business
  • Technology
  • Media
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Home » News » Billionaire Humphrey Kariuki’s liquor business put under administration
Business

Billionaire Humphrey Kariuki’s liquor business put under administration

Last updated: June 22, 2025 12:14 pm
David Osoro 1 year ago
Share
2 Min Read
SHARE

Africa Spirits Limited (ASL), the alcoholic beverage company owned by renowned businessman Humphrey Kariuki, has been officially placed under administration following prolonged financial distress and operational challenges.

In a public notice issued on Friday, June 21, Peter Kahi of PKF Consulting (K) Limited was named the administrator of ASL, effective from June 17, 2025.

“NOTICE is hereby given that Peter Kahi of PKF Consulting (K) Limited, Kalamu House, Grevillea Grove, Westlands and P.O. Box 14077-00800 Nairobi was appointed as the Administrator of Africa Spirits Limited (Under Administration) on 17 June 2025,” the notice stated.

With the appointment, all powers over ASL’s assets and business operations have been transferred to the administrator. As a result, the company’s directors, shareholders, and employees no longer have the authority to make decisions or conduct transactions on behalf of the firm without written consent from the administrator.

“Moving forward, all matters, operational or otherwise, pertaining to the affairs of the company should be directed to the administrator or his authorised representatives,” the notice added.

Kahi has now urged all creditors to submit details of their claims by July 18, 2025, as part of efforts to streamline the recovery process. Stakeholders with inquiries have been directed to reach out to PKF Consulting’s offices in Westlands, Nairobi.

ASL, once a dominant player in the liquor manufacturing sector, has faced numerous legal and regulatory hurdles in recent years.

The company’s financial struggles have worsened over time, ultimately leading to its placement under administration—a move seen as a last-ditch effort to salvage its remaining assets and explore possible restructuring options.

You Might Also Like

Sakaja Unveils Plan for Modern Grogon Garage

UAE Firm Takes Control of SportPesa Kenya

Samsung Galaxy A27 5G Brings an Immersive Display and Awesome Intelligence to More Users

Uber to Acquire Delivery Hero in KSh1.9 Trillion Deal to Create Global Food Delivery Giant

Dangote to Build 700,000-Barrel-Per-Day Oil Refinery in Kenya’s Lamu

Share This Article
Facebook Twitter Whatsapp Whatsapp Email
Previous Article Kenya begins evacuation of citizens in Israel and Iran
Next Article Porn star Claudia Bavel denies Lamine Yamal ‘rejection’ claim

Latest stories

  • Murang’a Mother Recounts Two-Year Prison Ordeal After Boyfriend Allegedly Abandoned Her
  • Rally Driver Maxine Wahome Acquitted in Murder Case Over Death of Boyfriend Assad Khan
  • Morara Kebaso: Huge Political Crowds Do Not Automatically Mean Votes
  • Khalif Cairo Reflects on Public Scandal, Says It Taught Him Humility and Faith
  • Mystery Deepens After Kisumu Man Found Murdered With Chilling Message Written on Wall
  • High Court to Hear Petition Challenging Loud Music in Matatus Ahead of 2027 Ruling
  • Sakaja Unveils Plan for Modern Grogon Garage
  • ODM Declares Deputy President Slot Non-Negotiable in Broad-Based Government Talks
  • Senator Cherargei Wants NCIC to Probe Gachagua Over Alleged Ethnic Profiling Remarks

You Might Also Like

KRA Reintroduces Tax Amnesty, Waives Penalties and Interest on Eligible Tax Debts

4 weeks ago

Government Expects Sh204.3 Billion from Safaricom Stake Sale

4 weeks ago

Kenyans Brace for Higher Diaper and Mitumba Costs After New Import Duty Changes

4 weeks ago

I&M Group Appoints Abdi Mohamed as Kenya CEO

4 weeks ago

Pages

  • About us
  • News
  • Privacy Policy
  • sauce.co.ke

Find Us on Socials

sauce.co.kesauce.co.ke
Follow US
All rights reserved. A publication of Mercury Communications KE