Atul challenges Nyali eviction order - 12 months ago, 13 Mar 17:20

By: Philip Muyanga

Nakumatt Holdings managing director Atul Shah is now challenging the process in which a decree was issued leading to eviction of the company from its City Mall premises in Mombasa. Last week, the Environment and Land Court had issued an order directing the retail chain to vacate the premises following an application by Ideal Locations Ltd, the owners of the mall. The court also directed the supermarket chain to pay Ideal Locations Ltd Sh27.8 million being outstanding rent, service charge and promotion fund as of November 1 last year. Through lawyer Mutiso Ngonze, Nakumatt Holdings Ltd and Mr Shah said they were aggrieved by the decision and filed a Notice of Appeal. In the application, Mr Mutiso argued that unknown to Mr Shah and Nakumatt Holdings Ltd, Ideal Locations Ltd proceeded to enforce the decree forcibly and its goods looted by rowdy youth. According to Nakumatt, the Deputy Registrar has ...
Read More

Category: business news opinion markets lifestyle corporate economy


1 hour ago
Lifeline for SMEs in training boost

Tier one lender Co-operative Bank has teamed up with International Finance Corporation to empower small businesses through networking and training programmes countrywide in a Sh15 billion ...

Category: topnews news business
5 hours ago, 20:57
Girls turn mangoes into sweet juice and wine

It is another season of the year when supply of mangoes is high leading to glut. From Makueni to Siaya, mangoes are going for a song as traders and farmers try to avoid losses. In Siaya County, ...

Category: business topnews news
5 hours ago, 20:45
Bt cotton is not the panacea to challenges facing our struggling textile industry

Last week’s article, “How Bt cotton can revive collapsed textile industry,” glossed over pertinent issues and erroneously glorified the crop’s credentials. Prior to propagating genetic engineering, a ...

Category: topnews news business
5 hours ago, 20:46
Not an early bird? You can still catch these red worms

The threadlike, red creatures wriggle inside a plastic container creating a beautiful, unending pattern that interests the eyes. James Wafula looks at the red worms keenly before blurting out, “They ...

Category: topnews news business
5 hours ago, 20:46
Are feeds your chickens eat safe?

Are the commercial feeds you give your chickens, dairy cows, pigs and even rabbits safe? This is the question many farmers are asking themselves following the revelations by a new study that 90 per ...

Category: topnews news business
5 hours ago, 20:46
Why fish imports from China don’t worry me

On the foot of the Aberdare Forest in Nyandarua County, David Ruhiu is carving a niche in fish farming in a region dominated by dairy cows. Soon after retirement some 10 years ago, Ruhiu went into ...

Category: topnews news business