Page 16 - Devki Group News Today : Breaking News, Live Updates & Top Stories | Vimarsana

THE STANDARD NATIONAL Naushad Merali grew up in Nairobi, where he attended Highway Secondary School. Little is known about his subsequent education. [File, Standard] Businessman Naushad Merali is dead. Merali, 70, died on Saturday morning, July 3, while undergoing treatment at the Nairobi Hospital. According to a statement by Shia Ithna Asheri Jamaat Secretariat, the billionaire died at 5am,  The cause of his death is yet to be communicated. KEEP READING Merali's burial is scheduled for today (Saturday, July 3). Until his demise, Merali chaired Sameer Group, a Kenyan conglomerate active i...

The receiver manager told to re-advertise the bid for Mumias Sugar in the next two weeks

THE STANDARD Treasury  -  Sh167.8B  , Energy  -  Sh75.4B  ) Environment, water & sanitation   -  Sh7.4B  , KWS community scouts   -  Sh1.0B  , SPENDING BY SECTOR ; ( Transport  -  Sh53.5B  , Sports,culture and tourism  -  Sh18.1B  , Manufacturing & Industrialisation  -  Sh7.5B  ) Geothermal   -  Sh11.3B  , Mombasa Port Development Project   -  Sh7.5B  , LAPSSET  -  Sh4.5B  , Emergency locust response  -  Sh1.8B  , Digital land registries  -  Sh727.3M  , Coal exploration and mining   -  Sh424.0M  , Livestock production ‘Big Four’ interventions  -  ...

Billionaire Rai family in Mumias Sugar lease race Thursday June 10 2021 By GERALD ANDAE The billionaire Rai family is among the eight high-profile investors eyeing a lease deal for the Sh15 billion assets of ailing Mumias Sugar Company, the miller’s receiver-manager has disclosed. The disclosure of Rai’s bid underlines months of the heated behind-the-scenes fight for the control of the once top miller by wealthy investors including steel tycoon Narendra Raval who has since withdrawn from the race. Mr Raval, who was planning to inject Sh5 billion to modernise the miller on winning the bid,...

The Billionare Rai family is looking to widen its dominance of the sugar Industry as they reveal their interest in the Mumias Sugar Company.