THE STANDARD
CENTRAL
The casket bearing the remains of the late Catherine Nyokabi [Mose Sammy, Standard]
A somber mood engulfed her home at Gatei in Kieni East, Nyeri County as mourners paid their last respects.
Speakers at the funeral called for justice for their kin, allegedly killed by Evans Karani who is in police custody.
Jastus Wambugu, the family spokesperson, asked the State to ensure justice prevailed for their daughter.
Wambugu said the dream of a young woman who worked in the hotel industry had been cut short.
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“I don’t have much to tell you but wish you a happy life with the angels.
Very passionate
A decision, however, that had to be made despite dedicating a huge part of their lives and billions of shillings into growing the business.
“Merali was very passionate about it … all of us were,” he told
Financial Standard in an exclusive interview.
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“We came here very young, got married and raised families.”
Merali entered the tyre business in the late 1980s after acquiring Firestone, which was incorporated in Kenya in 1969.
To observers, the closure of the tyre business added to the growing heap of failed ventures by one of Kenya’s shrewdest deal makers.
“The board’s decision to return to the tyre business reverses the earlier communicated decision made on April 20, 2020, to exit from the tyre business,” said the firm.
“This change has been justified by the sustained demand for the Yana brand and the success of the company’s turnaround efforts in 2020.”
The decision followed a meeting on January 22 where the board gave nod to a four-year strategic plan that lays out the firm’s renewed growth.
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“Under the plan, the real estate business will invest in industrial property development in both greenfield projects and value addition to existing properties. While the tyre businesses will be aligned to the changing customer needs, the evolving tyre distribution ecosystem and costs re-alignment.”