The once famous Brade Gate poultry farm is being auctioned after the owner, Mr Thuo Mathenge, failed to repay a Sh50 million loan owed to Jamii Bora Bank.
The auction is an indicator of the tough times that the poultry farmers have been going through as feeds prices increased and markets decreased.
The firm, in Nyeri County, was once a showcase in the country and was set to expand its business in the East African region.
The facility, trading as Brade Gate Poultry Industry, where Mr Mathenge is its chairman, had capacity to slaughter about 1,400 chicken per hour and more than 30,000 daily.
Mathenge is also a controversial politician whose bid to run for Nyeri’s gubernatorial position was thwarted after it turned out that he had a fake degree certificate.
The advertisement on Tuesday January 9 2018 said assets belonging to the politician’s five-year old company, standing on a 1.9 hectare parcel of land, a residential house, staff quarters, a one storeyed office block and the poultry is set for sale.
Mathenge lost court battles to protect his firm arguing that he had not been properly served. But Court Judge John Mativo dismissed his application, saying Mr Mathenge had been properly served and was in default of repayment leading to an increase in interest and penalty fees that were being charged at 27 per cent per annum.
The politician told the court that the bank had undervalued his property at Sh58 million instead of Sh70million as earlier indicated by his hired valuers.
Brade Gate was the first private hatchery to be established in Nyeri County which reared day old chicks that were subsequently sold to farmers.
It included a slaughterhouse that sat on 100 acres of land in Kieni East District. The slaughterhouse had a capacity to slaughter about 1,400 chicken per hour and more than 30,000 daily.
But the plant was normally operating below capacity due to shortage of chicken.
Brade Gate Poultry Industry had at one time employed over 2,000 people, both permanent and casual and had planned a plant to process poultry, dairy and human feeds.