One of Java Coffee House founders, Rick Ashley, is set to pocket Ksh. 1.3 Billion following a deal by Abraaj Group that has committed to purchase 100 per cent of Java from Private Equity firm ECP which owns 90...
New KCC pulled its stock from Nakumatt Supermarkets in what it says is a bid to protect its business in the wake of uncertainties at the East Africa’s largest retailer.
Githunguri Dairy also stopped supplies to Nakumatt last year citing...
Nakumatt Supermarkets is currently on a free fall from grace. With debts estimated to stand at around Sh. 15 billion, delayed salary payments, empty shelves, idle staff, unremitted statutory deductions and unpaid suppliers, the famed retailer is facing imminent...
Two locally assembled Mercedes Benz buses have been launched.
The models, Mercedes-Benz 917 and Mercedes-Benz 1730, are made in India with Brazilian built chassis.
“We have so far assembled 10 chassis locally and we intend to assemble 150 more towards the...
Have you ever thought that your view(s) about wealth might be holding you back from acquiring it? Ever heard of the saying, what you perceive and believe, you shall receive?
Look at it this way, if you believe that money...
A Dubai-based private equity firm has bought off Java House, the owners of Java Coffee restaurant chain.
Abraaj Group will take over Java for an undisclosed sum of money from Emerging Capital Partners (ECP).
"This landmark transaction is a compelling opportunity...
Troubles at Nakumatt Supermarkets are not ending any time soon. This is after a fresh volcano burst out. It is now emerging that the retailer is facing the threat of auctioneers over unpaid rent at its Thika Road Mall...
Weighing in at 1,050kg, a bull heavier than a buffalo was auctioned for Sh. 600,000, equivalent to the price of a Probox car. However, if slaughtered in the farm, the bull could fetch Sh. 1 million.
The ‘charolais’ bull was...
There is no doubt that an unexpected illness could end up draining your resources as your cover your own medical expenditure. However, with the NHIF insurance card, you may not need to call for a harambee or sell your...
A Mombasa-based businessman has received Sh. 9.9 billion as compensation.
The billions were awarded by the High Court to Afzalkhan Rahimkhan and his family for wrongful acquisition of their 328.5 acre piece of land in Diani, Kwale County.
Mombasa High Court judge Eric...
