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Vihiga in crisis as budget put on hold for further 10 days


Vihiga in crisis as budget put on hold for further 10 days
Wednesday July 07 2021
By DERICK LUVEGA
Summary
Kakamega High Court Tuesday extended orders staying the implementation of Vihiga County s Sh5.8 billion 2021/22 budget for 10 more days, further deepening the financial crisis facing the devolved unit.
Justice Farah Amin extended the earlier orders that had been set for July 6 to July 15 when the matter will come up for mention and review of the orders
The court will also use the July 15 sitting to confirm compliance of the orders and service of submissions by the respondents.
Kakamega High Court Tuesday extended orders staying the implementation of Vihiga County s Sh5.8 billion 2021/22 budget for 10 more days, further deepening the financial crisis facing the devolved unit. ....

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Directors battle over ownership of Savannah Cement


THE STANDARD
NATIONAL
Savannah Cement factory in Athi River, Kajiado County. [Elvis Ogina, Standard]
The Court of Appeal has reversed an order that barred two directors of a cement firm from interfering with its operations.
Justices William Ouko, Daniel Musinga and Gatembu Kairu faulted High Court Judge Farah Amin for ordering that Donald Mwaura and John Gachanga should not sit on the board of Athi River-based Savannah Cement.
Kenyans and Chinese investors own Savannah Cement. In their shareholding agreement, Kenyans own the firm through Savannah Heights while the Chinese investors hold their shares through Wanho International Limited and ACME Wanji Investment Limited. ....

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Court of Appeal oust Savannah Cement directors


Court of Appeal oust Savannah Cement directors
Thursday May 20 2021
By SAM KIPLAGAT
Summary
Court of Appeal has quashed appointment of directors of troubled Savannah Cement by a judge in the wake of an ownership fight in the Athi River-based firm.
A bench of three judges said the move by High Court Judge Farah Amin to appoint the board on her own amounted to usurping the powers of the shareholders.
Court of Appeal has quashed appointment of directors of troubled Savannah Cement by a judge in the wake of an ownership fight in the Athi River-based firm.
A bench of three judges said the move by High Court Judge Farah Amin to appoint the board on her own amounted to usurping the powers of the shareholders. ....

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