Crown Paints has put Ksh791.47 million ($6.13 million) of new capital into its loss-making subsidiary in Tanzania, and adopted more recovery measures including building a depot and new factory in Dodoma and Dar es Salaam respectively, as part of efforts to turn around the performance of its regional units.
The firm has also discontinued the operations of its Kenyan subsidiary, Crown Paints Allied Industries Limited, and initiated the deregistration process.
