Wanjui, tycoon pocket Sh3bn in UAP share sale
Summary
Businessmen Joe Wanjui and James Muguiyi have completed the sale of a combined six percent stake in insurance firm UAP Holdings to South African multinational Old Mutual Holdings for R437 million (Sh3.2 billion).
Old Mutual announced in August 2018 that it would buy a total of 12.7 million of the insurer’s shares from the two shareholders but only started the purchases last year, according to disclosures in UAP’s latest annual report.
It acquired 2.8 million shares from Mr Muguiyi in the year ended December and purchased the remaining 9.8 shares earlier this year.
How NOT to beat Covid
Health & Science - By
Njonjo Kihuria | April 4th 2021 at 07:00:00 GMT +0300
IEBC official at Gituri primary school checking the temperature of a voter. He also turned away those without facemasks. [Boniface Gikandi, Standard]
I board a matatu at Gitaru in Kikuyu in the ‘diseased’ Kiambu County, headed to the other ‘diseased’ county, Nairobi. Unsurprisingly, the conductor is wearing his mask around his neck like a scarf and he throws saliva in all directions as he calls for commuters at the top of his voice. Two youthful passengers in front of me ape him and freely take air in and out of their nostrils and sometime mouths.
KBC Employee Dies in Road Accident
1 March 2021 - 2:53 pm
KBC employee Simon Karutha was killed in a road accident on Sunday, February 28, along Bypass road.
File
A Kenya Broadcasting Corporation (KBC) employee was killed in a grisly road accident on Sunday evening, February 28, along Bypass road, a few meters from Nyahururu town.
The media house announced the passing on of Simon Karutha, who worked at the station as a sign language interpreter. According to KBC, Karutha died on the spot having sustained multiple injuries.
Eyewitnesses at the scene narrated the incident stating that the driver of the bus lost control which caused the vehicle to veer off the road and roll several times.