Please enable JavaScript to view advertisements.
×
App Icon
The Standard e-Paper
Stay Informed, Even Offline
★★★★ - on Play Store
Download App

Nakumatt investors lose battle against Mayfair Insurance

A closed down Nakumatt store. [Wilberforce okwiri, Standard]

An international tribunal has dashed the hopes of investors who were seeking to recoup their investment from Mayfair Insurance Company Limited after the Nakumatt Supermarket collapse.

At the heart of the battle lodged before the London Court of International Arbitration was whether the insurer ought to have paid Sh508 million which was at least 80 per cent investment, it had allegedly guaranteed the investors.

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902

Follow The Standard on Google News