By Samuel Ouma
Hewlett Packard East Africa Limited has halted its operations in Kenya and the entire East Africa region.
The company said its decision to close its businesses in the region was arrived at during the annual general meeting that took place in early September.
There are claims that a hostile business environment and counterfeit products are the reasons that drove the company out of the East African market with toner cartridges being among the most counterfeit products.
Another reason is stiff competition from Chinese companies manufacturing cheap products.
Reports indicate that George Weru and Muniu Thoiti of P.O. Box 43963 – 00100 Nairobi had been appointed as joint liquidators.
“Creditors of the company are required on or before October 9, 2020, to send full particulars of all the claims they may have against the company to the undersigned, the joint liquidators, personally or by his advocates, to come in and prove their debts or claims … or in default thereof, they may be excluded from the benefit of any distribution made before such debts are proven,” said the notice.
Mr. George Weru of PricewaterhouseCoopers (PwC) Business Recovery Services Partner dismissed claims that the company exited by debt distress and an unfriendly business environment.
“HP East Africa is a dormant subsidiary of HP and is being liquidated as part of internal re-organization,” he told The Standard, local publisher.
*Story has been updated