Connect with us

Hi, what are you looking for?

Cyprian Is Nyakundi


Why Local companies have withdrawn suits in Tatu City deal


Some local companies  of the Sh240 billion Tatu City in Kiambu county have withdrawn all suits against international shareholders.

The case left former Central Bank of Kenya governor Nahashon Nyagah and Bidco chief executive Vimal Shah as the only people against the project.

Tatu City and Kofinaf Company, who were the plaintiffs in the suit, withdrew them at the High Court in Nairobi.

Nyagah and Vimal are shareholders in Tatu City, together with Pius Ngugi of Thika Coffee Mills and Anthony Njoroge.

The respondents are Rendeavour CEO Stephen Jennings, Frances Holliday, Hans Horn, Frank Mosier and Christopher Barron who are international investors.

Others are Ngugi and Njoroge.

Counsel Ahmednassir Abdullahi: “Take notice that the first and second applicants wholly withdraw all their claims against the respondents.”

His letter was addressed to the Commercial Division of the High Court in Nairobi.

The decision to withdraw the case is said to have been arrived at on September 16 after an AGM in which it was reported that Nyagah has not invested any money in Tatu City.




-Credit – The star Newspaper .

Would you like to get published on this Popular Blog? You can now email Cyprian Nyakundi any breaking news, Exposes, story ideas, human interest articles or interesting videos on: [email protected] Videos and pictures can be sent to +254 710 280 973 on WhatsApp, Signal and Telegram.



Click to comment


You May Also Like


*Editor’s Note: This open letter to Safaricom has been published as received. No redactions have taken place to avoid legal issues pending a court...


This is an intervention for Victoria Rubadiri so as to help her revert back to factory settings. We notice your slow drift away into...


Caption : Edwin Kigen Who was Murdered in Madaraka Estate. We demand for answers from Boinnet ! Another young man may have been brutally assaulted and...


CAPTION: Reformed street-urchins like this lot are dominating the airwaves and being allowed to spread the disease of anti-intellectualism.  As you may have all...

Copyright © 2020 Cyprian Is Nyakundi.