Borrowers Tie Lenders in Web of Litigation as Defaults Rise

In early June, Equity placed TransCentury and East Africa Cables under receivership after declining a request to write off over Ksh2.8 billion ($20...

BT Correspondent3 Mins read

The chain's branch network has shrunk significantly over the past five years, from over 60 to less than 7 outlets.

FEATURED STORY

Tuskys’ Ksh20B Debt: End of The Road as Court Orders Liquidation

The High Court has ordered the liquidation of Tuskys Supermarkets, a win for the 60 creditors owed close to Ksh20 billion that have...

BUSINESS TODAY1 Mins read

Tuskys' plans to raise Ksh2.1 billion in a debt financing deal seem to have stalled. [Photo/ Taalamu]

FEATURED STORY

Tuskys Chairman, CFO Exit as Empire Crumbles

Once one of Kenya's largest chains, Tuskys is a pale shadow of itself, struggling under the weight of Ksh19.6 Billion in debt owed...

MARTIN SIELE1 Mins read

FEATURED STORY

Tuskys’ Five-storey Building In CBD Set For Auction

The High Court has allowed Equity bank to auction Tuskys’ five-storey building in Nairobi’s central business district over a Ksh650 million debt that...

BT Reporter1 Mins read

Tuskys has seen its branch network shrink from over 60 to less than 10 at the moment.

FEATURED STORY

T-Mall: Tuskys Out, Quickmart In

“We are taking over the (T-Mall) outlet in May from Tuskys Supermarket who exited it a few months ago,” Quickmart's Sales and Marketing...

MARTIN SIELE1 Mins read

Stephen Mukuha (right) and George Gachwe in court in 2016. [Photo/ Courtesy]

FEATURED STORY

Tuskys Director Stephen Mukuha Passes Away in Nairobi

In 2016, he alongside his brother Gachwe Sammy Gatei who also holds a 17.5% stake was charged with theft of Ksh1.64 billion from...

BUSINESS TODAY1 Mins read

The scheduled auction makes prospects of the chain's come-back less likely. [Photo/ Courtesy]

FEATURED STORY

Tuskys’ Iconic CBD Branch Set for Auction

The auction makes prospects of the chain's come-back less likely. It notably comes amid a push by many of Tuskys' creditors to have...

MARTIN SIELE2 Mins read

OPINION SMART BUSINESS

How To Save Crumbling Family Businesses In Kenya

Nine out of 10 businesses in Kenya are family-owned. Unfortunately, if a family owned business survives the problems associated with early deaths of...