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The bitter war to recover Sh594m investment in deal gone sour

Fashion and Beauty
 For Enko, it became a race against time to close every governance lapse in STL and save their investment from further losses. [iStockphoto]

Investing, according to the late American economist Paul Samuelson, should be more like watching paint dry or watching grass grow.

Mr Samuelson advised those seeking excitement to take $800 (Sh95,000) and go to Las Vegas - a major resort city, popular for gambling, shopping, fine dining and nightlife.

So, when Cyrille Nkontchou and Ralph Gilchrist, the founders and partners of Enko Africa Private Equity Fund (EAPEF) wanted to invest, they did not go to Las Vegas. They came to Kenya.

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