In January, the High Court appointed Peter Obondo Kahi as an administrator under the Insolvency Act to help rescue the retailer from apparent liquidation by creditors demanding up to Sh. 35.8 billion.
He is charged with streamlining the retailer’s general operations, ensure good communication with creditors and engage shareholders and directors on their institutional memory among other.
The administrator could not be reached for comment by the time of going to press. His phone was off for the better part of the day.
