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Who are the Kenyan shareholders in SportPesa?

Steve Oke Chapchap Market No Comments

VIEWS: 312 2′ SportPesa Chief Executive Officer Ronald Karauri (left) flanked by Sports Principal Secretary Kirimi Kaberia (right) addressing a press conference on April 23, 2018 at the Ministry of Sports boardroom at Kencom House in Nairobi. PHOTO | FILE |NEWS Who are the Kenyan shareholders in SportPesa? By PAUL WAFULA Ms Wacera, the widow of former Nairobi mayor Dickson Wathika, has successfully kept a low profile. Billionaire Paul Wanderi Ndung’u owns a 17 per cent stake in the firm. Mr Ndung’u, who built his fortune as a Safaricom distributor, has been the firm’s board chairman. Other shareholders are Mr Ronald Karauri, who is the firm’s chief executive officer. SportPesa has been a roaring success  since it set up shop in Kenya in 2014. Its annual revenues crossed the Sh100 billion mark in under five years, helped by the revolutionary mobile money network. Its success has been the envy of the […]

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Simplified Hire Purchase ACT Kenya

Steve Oke Chapchap Market No Comments

VIEWS: 1,009 Simplified Hire Purchase Installment ACT Kenya LAWS OF KENYA HIRE-PURCHASE ACT CHAPTER 507 Revised Edition 2017 [2012] Published by the National Council for Law Reporting with the Authority of the Attorney-General www.kenyalaw.org CHAPTER 507 HIRE-PURCHASE ACT ARRANGEMENT OF SECTIONS PART I – PRELIMINARY Section 1. Short title. 2. Interpretation. 3. Application. PART II – REGISTRATION 4. Establishment of registry. 5. Agreements to be registered. PART III – PROVISIONS AS TO HIRE-PURCHASE AGREEMENTS 6. Requirements relating to agreements. 7. Avoidance of certain provisions in agreements. 8. Conditions and warranties implied in agreements PART IV – CHANGE OF ADDRESS AND REMOVAL OF GOODS 9. Change of address and removal of goods from premises. 10. Removal of goods from Kenya. 11. Court may allow goods to be removed. PART V – TERMINATION AND COMPLETION OF AGREEMENT 12. Hirer may terminate agreement. 13. Hirer may complete agreement. PART VI – RECOVERY OF […]

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