Tag: Newton Kagiri Mukuha
A three-judge Appeal Court bench ruled on Friday, December 17 that Newton failed to prove any flaws in a prior High Court ruling which deemed him not entitled to a stake in Naivas. The High Court ruling had also found that he ran down a retail store handed down to him by their father.
The battle comes months after a minority stake in Naivas worth Ksh6 Billion was sold to a consortium that includes the International Finance Corporation (IFC), private equity firms Amethis and MCB Equity Fund and German sovereign wealth fund DEG.
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