The way government is handling the Panpaper issue not very transparent
Mr Ian Small and Mr Kieran Day, the receivers appointed by the company’ short-term lenders, have been at the helm since the Birla Group fled. In the initial stages, the most visible activity at Panpaper seemed to be the battles between the ministry and the receivers.
Later, politicians jumped into the fray, with both President Kibaki and Prime Minister Odinga making public commitments to reviving the plant. At one point, frustrated local politicians, accompanied by their supporters, marched into the company premises threatening to throw the receivers out.
To date, no substantial progress has been made towards reviving the plant to full production. Critical voices are beginning to ask how billions of shillings kept in special accounts by the Ministry of Industrialisation have been spent.
I am not too sure that the government is handling the revival of Panpaper Ltd very well.