Archive | July 26th, 2017

The controller of budget chief Agnes Odhiambo

COUNTIES SPEND SH8BN ON TRAVEL

The controller of budget has in a report revealed how counties blew Sh 8.59 billion on foreign and domestic travel in the first nine months of the last financial year against an approved annual budget allocation of Sh 13.17 billion. According to the controller of budget, the Sh 8B spent by counties is an increase […]

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Tea firm sues to have Nakumatt liquidated over Sh 60M debt

TEA FIRM FILES INSOLVENCY SUIT AGAINST NAKUMATT OVER SH 60M DEBT

A tea company has filed an insolvency suit against the struggling supermarket chain, Nakumatt, over a Sh Sh60 million debt. Tea Brewer Gold Crown Beverages is seeking to have the retailer liquidated in order to recover the money, which Nakumatt has not paid since January 2016. The firm further states┬áthat Nakumatt has committed various bankruptcy […]

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