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End of an era as Mastermind Tobacco to go under the hammer

The late Wilfred Murungi, Mastermind Tobacco founder. [File, Standard]

Assets owned by Mastermind Tobacco are set to be auctioned in January in what could mark the end of an era for the tobacco manufacturer.

The tobacco firm, which was started more than three decades ago by the late billionaire Wilfred Murungi, has weathered numerous storms, including with its key competitor - British American Tobacco (BAT) - as well as with the Kenya Revenue Authority (KRA) over unpaid taxes.

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