Investors Say In Court That Shaky Cytonn Stopped Paying Interest On Their Investments In 2020
They accuse the firm of of deception for not disclosing its shaky financial position contrary to the Consumer Act 2012. The investors say Cytonn stopped...
Category : Business
Cytonn CEO Dande Warns Of Aggressive Lawsuits Against Anyone Spreading ‘Misinformation’ About His Company
It doesn’t go a month without a story of an investor running shoulders with Cytonn for a company that battles so many suits, Cytonn’s legal...
The Kantar Insider Trading Deal That Brought Down Bharat Thakrar
Reports reaching the editor of this site have confirmed that Suspended ScanGroup chief executive Bharat Thakrar engaged in insider trading, as confirmed by an investigation...
UK Stores Suspend Deal With Kakuzi Over Rights Abuses
A Sh1.196 billion payout by Kakuzi PLC’s parent firm is yet to warm the hearts of three UK-based supermarket chains, which last year suspended the...
Why The State Disapproves KK Security, G4S Planned Merger
Kenyan authorities have expressed reservations on the proposed acquisition of G4S by KK Security. The Competition Authority of Kenya (CAK) warned that the proposed merger...
EABL To Dump KPLC And Start Generating Own Power
Kenya Breweries Limited (KBL) and East Africa Maltings have sought regulatory approval to generate their own power at two plants in Nairobi and Kisumu. The...
SA Ratings Firm Suspends Fidelity Insurance Over Secrecy On Dealings
South African ratings firm Global Credit Ratings (GCR) has suspended the credit profile of Naushad Merali-associated Fidelity Shield Insurance company for failing to disclose information....
Laico Regency Employees In Turmoil
SUMMARY The workers say that the hotel has for over a year deducted them money for staff pension, savings and loan repayment in Regency Savings...
Kenyan Firm Wins Rights Over Kaluma Mentho Plus Brand Against Indian
SUMMARY It argued that use of the word Mentho Plus or Menthoplus by the Kenyan company was confusing and deceptive. The court heard that the...
The Risks Of Investing With NSE Listed Homeboyz Ent
IN SUMMARY The Rabar brothers, no doubt, have a good story to tell about their journey pioneering the entertainment business. Homeboyz is a public relations...