Quickmart’s IPO Highlights Millions in Founder Rents and Undisclosed Supplier Ties
It seems that the founders of Quickmart are going to…
Quickmart’s IPO Highlights Millions in Founder Rents and Undisclosed Supplier Ties
It seems that the founders of Quickmart are going to have their pound of flesh and much more in the ongoing Quickmart initial public offering (IPO). Disclosure documents and other corporate information show that companies associated with the founders will continue to reap benefits way beyond the IPO period that is set end on 30…
Court orders woman to return dowry after a bitter break up
In a landmark judgment that redefines divorce in Kenya, the High Court at Kisii has ordered a woman to refund dowry to her ex-husband and declared that the concept of alimony is dead and incompatible with the 2010 Constitution. In CKN vs DMO, Civil Appeal No. 21B of 2022, Justice DKN Magare delivered judgment on…
Revealed: How Quickmart IPO Disclosures Omitted Private-Label Supply Deal Linked to retailer’s founder sister
A LinkedIn profile, a corporate website, and the financial disclosures on the ongoing Quickmart Initial Public Offering (IPO) reveal an incestuous relationship between suppliers, board members, and owners of the fast-growing retail chain. After examining Quickmart’s IPO information memorandum, a LinkedIn profile and a corporate website, we have uncovered disclosures that have left unanswered questions….
Breaking: Court cancels Ferdinand Waititu and his wife bond, convicts them to 12 years in jail
The High Court has upheld the conviction and sentence of former Kiambu Governor Ferdinand Waititu and his co-accused in an appeal involving multiple corruption-related offences. The co-accused are Waititu’s wife, Susan Wangari Ndungu; former Kiambu County Chief Officer for Roads, Transport, Public Works and Utilities Luka Mwangi Wahinya and Charles Chege Mbuthia, a director of…
Exclusive: Diddy Sustains Head Injury in Prison Fight with a Drug Lord
Diddy busted his head during a fight with another famous, or infamous, inmate … a Jamaican drug lord known as “Dudus,” and TMZ has learned the fight was over Diddy getting all the inmates in trouble. Multiple sources inside Fort Dix FCI tell us … Diddy and “Dudus” — real name Christopher Coke — came…
“If I’m found dead, tell them it is Sarah”. Former MP recounts Tob Cohen’s final warning at murder trial
“If anything bad happens to me, or I am found dead somewhere, tell them it is Sarah,” former MP Patrick Muiruri told the court today while recounting his last conversation with businessman Tob Cohen, days before his death. The testimony emerged as the murder trial of Sarah Wairimu Kamotho, who is charged in connection with…
The Cost of Playing God:How the Global Arms Game Finally Caught Up with Wicknell Chivayo
In the high-stakes underworld of transnational arms trafficking, there is a brutal, unspoken rule: you can be rich, you can be powerful, but you can never be loud. For years, Chivayo flew directly in the face of that rule, flaunting a lavish lifestyle funded by heavily inflated state contracts while operating as a key financial…
Revealed: Intrigues of how an elusive trafficking suspect was tracked down by detectives
Police officers in Kajiado County have arrested a 62-year-old man over suspected child trafficking and defilement, after intelligence led officers to a bedsitter in Korompoi Trading Centre, Isinya. The suspect, Enock Peterson Mwangi alias Mwamburi Mwandeme, was arrested after officers descended on the room, where they found him in the company of four children aged…
Government secures 12 year sentence against city business man
The Director of Public Prosecutions (DPP) has secured a 12-year jail term for a Kisumu man following his conviction for the manslaughter of his wife of 18 years. At the High Court in Kisumu, Hon. Justice Joe Omido issued the custodial sentence to Jared Otieno Otieno for the offence of manslaughter contrary to Section 202…
Revealed:Wicknell crash chopper never belonged to him
The helicopter that killed Wicknell Chivayo, his wife Lucy Muteke, her personal assistant and two pilots was hired from Themba Nkatazo, a local businessman’s Sky Helicopters which provides premium, on-demand charter and rental services in Zimbabwe. Newshawk reports from Harare quoting government officials. Nkatazo is widely recognised as the founder and chief executive of agricultural…
