Kakuzi

CorporateNews
Otiato Guguyu

How Kakuzi wanted to shut down media from covering transfer pricing probe

A week after Kakuzi management were summoned by the Capital Markets Authority, the listed agricultural exporter rushed to the markets tribunal to block the inquiry and gag the media from reporting. Court tribunal documents show Kakuzi attempted to invoke section 13 (2) of the Capital Markets Act that barred the regulator from disclosing returns and information demanded during investigations to any person save for other regulators. The tribunal chaired by Paul Lilan agreed to freeze the CMA inquiry and maintain status quo but declined to gag the media over coverage of Kakuzi insider dealings. Kakuzi officials have been fighting to block transfer pricing probes for…

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Kakuzi PLC
News
James Wambua

Kakuzi expands offerings for stronger shareholder gains

Fruit exporter Kakuzi is gearing up to make its pioneer property development investment in the retail sector by developing Kakuzi Farmers Market as part of optimising shareholder returns. The retail centre, which be located opposite the firm’s headquarters on the Nairobi-Nyeri highway, will see Kakuzi sell its range of value-added products to customers in Kenya. The location for the Nairobi Securities Exchange listed company will also enable it to provide a decent market for up-country travelers to stop and refresh. Further, Kakuzi is in the final stages of a commercial appraisal in readiness for a full-scale Blueberries production venture investment at an estimated cost of…

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