Insolvent Copia Kenya Struggles to Settle Outstanding Debts.

Insolvent Copia Kenya Struggles to Settle Outstanding Debts as Redundant Employees and Vendors Await Payment in Vain

After once-promising e-commerce company Copia Kenya entered administration, there has been growing discontent among former employees and vendors, with many still waiting for payments that were promised many months ago.

The company, now under the control of consultancy giant KPMG is struggling to meet its financial obligations as Makenzi Muthusi and Julius Ngonga, appointed by KPMG to oversee the administration process try to restore the firm’s viability. 

However, as the days pass, the frustration among affected parties has only intensified, with communication from the administrators remaining scarce.

Their efforts appear too little, too late.

One former vendor, who worked with Copia Kenya earlier this year, shared their experience of being ignored by the administration. 

“The company is under the administrator KMPG, our contact is Mackenzie of KPMG, this gentleman never responds to emails or even advises vendors on the way forward in regards to their pending payments,” the vendor said, explaining how their attempts to resolve the issue had been met with silence. 

“The notice period for submitting our queries and pending invoices was 23rd June. Can KMPG shed some light on this matter?”

Similarly, former employees of Copia, many of whom were let go as part of the company’s downsizing, have expressed frustration over the continued delays in receiving their severance packages.

“They were supposed to pay all employees by the 15th of September, as they’d said. But all of a sudden, they said no communication was made about payments on that date,” one of the affected individuals explained. 

What followed were promises of payment by October 31st, only for that date to pass with no payment in sight.

“It’s now November 13th, and we’re still getting promises with no results,” the former employee said, adding that there are growing concerns the company may vacate its Baba Ndogo warehouse, which will possibly make it even more difficult to track down those responsible.

The continued silence from KPMG has led both vendors and former employees to wonder whether the company’s administration is more of a formality than a genuine attempt to revive the business. 

We will continue to follow this story closely.

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