Times News Network
Companies PVR Rao reinstated as Mumia’s Sugar Receiver Manager Tuesday, June 7, 2022 Ponangipalli Venkata Ramana Rao during a briefing in May 2020. FILE PHOTO | NMG KCB Group on Monday pleaded guilty on appeal to suspend a decision that fired its recipient manager PVR Rao as administrator of Mumias Sugar Company. The lender through … Read More “PVR Rao reinstated as Mumia’s Sugar Receiver Manager” »
Companies Eveready assets wiped out by years of losses Friday, May 27, 2022 Battery packaging at the Eveready East Africa Ltd plant in Nakuru. PHOTO PHOTO | NMG Eveready East Africa’s assets have been wiped out by years of losses, and have become the latest company to trade on the Nairobi Securities Exchange with negative … Read More “Eveready assets wiped out by years of losses” »
Counties Sarrai gets reprieve in Mumias lease row Thursday May 05 2022 Justice Alfred Mabeya during a past court session. FILE PHOTO | NMG By SAM KIPLAGATMore by this Author Summary Justice Alfred Mabeya said he was not convinced to lift the order as requested by several creditors as well as Dubai based Vartox Resources … Read More “Sarrai gets reprieve in Mumias lease row” »
Companies Mumias Sugar creditor opposes Sarrai comeback Wednesday May 04 2022 Entrance gate at Mumias sugar company. PHOTO | ISAAC WALE | NMG By SAM KIPLAGATMore by this Author Summary In an application filed before the High Court, lawyer Jackline Kimeto says it would be unfair and unfair to grant the order sought by Sarrai … Read More “Mumias Sugar creditor opposes Sarrai comeback” »
Market News CMA postpones plan for recovery board Tuesday May 03 2022 CMA chief executive Wycliffe Shamiah. FILE PHOTO | NMG By ELIZABETH KIVUVAMore by this Author Summary The special board would identify them as troubled firms, signaling to the public the risks of buying their shares in a move that aimed to protect small … Read More “CMA postpones plan for recovery board” »
Companies Fresh twist as Mumias lease cancel order now suspended Thursday April 28 2022 Entrance gate at Mumias sugar company. PHOTO | ISAAC WALE | NMG By SAM KIPLAGATMore by this Author Summary The drama surrounding the lease of Mumias Sugar Company is far from over after the High Court suspended a decision canceling the … Read More “Fresh twist as Mumias lease cancel order now suspended” »
Man about town PVR Rao: ‘The unwilling suitor’ in Mumias revival union Friday April 15 2022 Mumias Sugar receiver-manager Ponangipalli Venkata Ramana Rao during a May 2020 briefing. FILE PHOTO | NMG By SAM KIPLAGATMore by this Author Summary The name Ponangipalli Venkata Ramana Rao had become synonymous with ailing miller Mumias Sugar Company. Soon … Read More “PVR Rao: ‘The unwilling suitor’ in Mumias revival union” »
Companies Judge halts Uganda-based firm’s Mumias Sugar lease Friday April 15 2022 Mumias Sugar receiver manager Ponangipalli Venkata Ramana Rao. PHOTO | DIANA NGILA | NMG By SAM KIPLAGATMore by this Author Summary Justice Alfred Mabeya froze the Sarrai Group deal on grounds it would benefit KCB Group and ignore the interest of Mumias shareholders … Read More “Judge halts Uganda-based firm’s Mumias Sugar lease” »
News Court reverses order allowing Sarrai to resume Mumias operations Saturday February 26 2022 Entrance gate at Mumias sugar company. PHOTO | ISAAC WALE | NMG By SAM KIPLAGATMore by this Author Summary Justice William Musyoka reversed the order he issued last week, saying he had been informed of the two orders issued by two … Read More “Court reverses order allowing Sarrai to resume Mumias operations” »