The Dr Chris Kirubi majority-owned Longhorn Publishers has been ordered to pay two authors Sh35 million for books the government bought in bulk from the company, which then refused to remit royalties to two authors. The writers, Dr Stephen Mburu and Dr Geoffrey Chemwa, had sued Longhorn, where Dr Kirubi was a shareholder. And arbitrators, […]
Tag: XUGA_CENT
John Ngumi: The trillion-shilling dealmaker who once went broke
John Ngumi, alongside four partners, birthed the Loita Capital Partners Group in 1994. [David Njaaga, Standard] John Ngumi, who is credited with brokering deals worth more than Sh1 trillion, survived by eating what he caught in Kenya’s financial jungle. Those were heady times; mega deals were rolling in, with history placing the current Industrial and […]
Training Business Analytics Market – by Product Type, With Production, Revenue, Price, Industry Share and Growth Rate, Analysis & Forecast by 2027
Training Business Analytics market international report provides a comprehensive analysis of the parent market, key tactics used by top business players and predictions. The Worldwide Training Business Analytics Market 2021 analysis discusses new business information, innovative trends, judgment vendors and analysis. It also discusses trade information, market measurements, market share evaluations and trade information. It […]
Wanjui, tycoon pocket Sh3bn in UAP share sale
Businessmen Joe Wanjui and James Muguiyi have completed the sale of a combined six percent stake in insurance firm UAP Holdings to South African multinational Old Mutual Holdings for R437 million (Sh3.2 billion). Old Mutual announced in August 2018 that it would buy a total of 12.7 million of the insurer’s shares from the two […]
Kenyan Businessmen Pocket Ksh3.2 Billion From UAP Stake Sale
Kenyan businessmen Joe Wanjui and James Muguiyi have pocketed at least Ksh3.2 billion from the sale of combined six percent stake UAP Holdings to South Africa’s Old Mutual Holdings. The transaction which saw Old Mutual acquire 12.6 million shares from the duo has pushed the multinational’s shareholding to 66.7 percent from the previous 60.7 percent. […]
Govt. gazettes Tax Amnesty Bill
Bill indemnifies taxpayers who voluntarily disclose taxable supply, income or assets, against liability from investigation, prosecution and penalties Will apply to defaulters of VAT and income tax Provides process for investment, deposit of undisclosed tax monies Penalty on tax in default to be written off if dues as at 31 December 2020 settled in full […]
Kenya: Jobs at Stake as IMF Conditions Bite State Corporations
Thousands of workers are staring at job losses after the Treasury started merging and dissolving parastatals draining public resources by performing similar functions. Treasury Cabinet Secretary Ukur Yatani has already collapsed three financial State-owned enterprises (SOEs) to form the Kenya Development Corporation Limited (KDC) in a bid to make them lean, efficient and profitable. Mr […]
Chris Kirubi’s Son-In-law to Take Control of Centum, His Multi-Billion-Shilling Real Estate Company
Andrew Musangi, the son-in-law of the late businessman Chris Kirubi is poised to take over control of the deceased’s real estate company – Centum Real Estate. Musangi, who is the husband of Kirubi’s only daughter Mary Ann, has reportedly been appointed to the board of Centum Real Estate, a subsidiary of Centum Investments. The appointment […]
Kenya: Kirubi’s Son-in-Law Takes Board Seat at Centum Real Estate
A son-in-law to the late billionaire businessman Chris Kirubi has been appointed to the board of Centum Real Estate, pointing to a possible ongoing re-organisation of the deceased tycoon’s empire. Centum Real Estate, a subsidiary fully-owned by the Nairobi Securities Exchange (NSE) listed Centum Investment Company, has appointed Andrew Musangi to sit on its board […]
Kenya: Kirubi’s Son-in-Law Takes Board Seat at Centum Real Estate
A son-in-law to the late billionaire businessman Chris Kirubi has been appointed to the board of Centum Real Estate, pointing to a possible ongoing re-organisation of the deceased tycoon’s empire. Centum Real Estate, a subsidiary fully-owned by the Nairobi Securities Exchange (NSE) listed Centum Investment Company, has appointed Andrew Musangi to sit on its board […]