Phoenix Publishers Ltd, a wholly Kenyan-owned publishing company says it has appointed Owen N. Koimburi as its administrator.
Koimburi is a managing partner at Mazars Kenya with over 30 years of experience in audit, accounting, financial management, and capacity building to Government, Public, and Private sectors.
During the period, creditors of Phoenix are barred from liquidating it to recover their money.
Phoenix was founded in 1988 and specialises in publishing textbooks and creative works for children and teenage fiction.
“In relation to the Company, there is no: petition for winding up which has been presented but riot yet disposed of; administration application which has not yet been disposed of; or administrative receiver in office,” said Koimburi in a gazette notice published Friday.