Tribunal resets control of Directline, impacting Kenyan media mogul SK Macharia
Tribunal resets Directline control, impacting SK Macharia and reinstating the insurer’s February 2023 ownership structure.
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Tribunal resets Directline control, impacting SK Macharia and reinstating the insurer’s February 2023 ownership structure.
Court rules SK Macharia violated orders, directing removal of guards from Directline’s Nairobi office amid leadership battle.
Directline CEO Sammy Kanyi asks court to arrest tycoon SK Macharia over alleged boardroom takeover.
Samuel Kamau Macharia entered Directline Assurance offices, dismissed staff, and ignored court rulings, prompting police and regulatory investigations.
This is the latest development in the ongoing legal and business tussle between the media mogul and the Nairobi-based motor vehicle insurance company.
Earlier this year, Directline had outlined ambitious plans to diversify its product portfolio.