The Treasury has given the Kenya Planters' Co-operative Union (KPCU) a target of Sh5 billion sales by June next year, marking a reversal of an initial plan to liquidate the coffee organisation.

The target is to double the amount marketed in the following year to Sh10 billion and raise it again to Sh20 billion by June 2023, according to budget documents release to Parliament last week.

Last year, Cabinet Secretary Peter Munya as head of the Trade and Industrialisation docket had announced an intention to liquidate the debt-ridden firm. Last August, acting commissioner for Co-operative Development Geoffrey Njang'ombe went on to issue a notice in the Kenya Gazette on the same, an exercise that would start with an independent assessment of the financial health of the company to be followed by disposal of assets.

Mr Njang'ombe even picked a team of four officials to oversee the liquidation to be completed in six months, a period that was supposed to have ended in February this year. Read more