Court orders Kenyan media mogul Samuel Macharia to repay $3.1 million to Directline Assurance
Justice Alfred Mabeya, in his ruling, stated that the transfer of funds by Macharia, 82, was illegal and intended to financially cripple the company.
Samuel Macharia
Kenyan businessman Samuel Macharia closes company, lays off employees
Earlier this year, Directline had outlined ambitious plans to diversify its product portfolio.
Kenya’s second-largest landowners, Moi family, grapple with legal bills
The Moi family, which commands significant influence across business and politics, has emerged as one of Kenya’s richest families.
DPP tells Kenyan tycoon Samuel Macharia to privately prosecute directors over alleged fraud
The petition marks a fresh twist in the battle for ownership of the Kenyan insurance provider Directline Assurance.