Creditors Place Biscuit Maker Britania Foods under Administration

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Britania Foods Limited, makers of biscuits, has been placed under administration under Peter Kahi of PKF Consulting Limited. According to reports, Britania,s troubles come from defaulting on loans worth more than Ksh1.3 billion (UGX41.9 billion) acquired from Diamond Trust Bank - Ksh900 million (UGX29b) and other creditors. A notice issued on August 17th stops any director, shareholder or an