Savannah Cement's creditors approve plan to seek buyer for Kitui cement plant - Cement industry news from Global Cement
Savannah Cement’s creditors approve plan to seek buyer for Kitui cement plant
Source: globalcement.com
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List of Kenyan Businesses that Went Under Receivership in 2023
Many businesses operating in Kenya suffered economic down-turn in the year ending December 2023, attributing the turbulence to high taxation and costs of operation.
Source: tuko.co.ke
Peter Kahi appointed as administrator of Savannah Cement
Peter Kahi appointed as administrator of Savannah Cement
Source: globalcement.com
The leading African tech moves from September 2023
In September 2023, 22 African tech startups raised $116.7 million. So far, African startups have raised $2.57 billion in 2023.
Source: techcabal.com
Sendy Logistics appoints Peter Kahi as administrator
This means that that Peter Kahi is acting as a representative of Sendy and is not personally liable for any contacts made in this capacity.
Nairobi Area Peter Kahi Administrator Of Sendy Group Companies Sendy Store Limited Under Administration Sendy Kenya Freight Limited Under Administration Sendy Limited Under Administration
Source: techcabal.com
Kenyan Firm Sendy Enters Into Administration after Firing Employees, Shutting Operations
Kenyan logistics company Sendy has entered into administration. Peter Kahi of PKF Consulting (K) Limited has been appointed as the administrator of the company.
Source: tuko.co.ke
Fall of Nakumatt and other retailers
Nakumatt, which was arguably the largest retailer in Kenya, collapsed three years ago and its remains were handed over to Peter Kahi as the court-appointed administrator.
Rift Valley Peter Kahi Choppies Enterprises Kenya Ltd Kenya Institute Of Public Policy Research Association Of Kenya Suppliers Nakumatt Holdings
Source: standardmedia.co.ke
Lean times as number of Kenyan firms facing liquidation doubles
A company is deemed unable to pay its debts if it fails to pay a debt of Ksh100, 000 ($826.44) or more after 21 days of a written demand.
Source: theeastafrican.co.ke
Receiver managers turning hangmen for struggling firms
Government receiver Mark Gakuru said there are rising cases where company owners obtain court injunctions just to stall the process as they strip company assets during which litigation drags in...
Source: businessdailyafrica.com
The BIG lie about Kenya's mega retailers - The Standard Health
The fall of erstwhile market leaders Nakumatt and Uchumi deconstructed the fallacy that they were too big to fail, except that no one saw it coming.
Source: standardmedia.co.ke