Kiwi billionaire Stephen Jennings faces new Mauritius fight over Kenya's Tatu City
Kenyan investors want Mauritius' top court to let them arbitrate against Stephen Jennings' Rendeavour over dilution of their Tatu City stakes.
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Kenyan investors want Mauritius' top court to let them arbitrate against Stephen Jennings' Rendeavour over dilution of their Tatu City stakes.
Bhimji Depar Shah started with a petrol station in Nyeri and built Bidco Africa into a $700 million consumer-goods empire across 13 African countries.
The Kenya Revenue Authority has lost a Sh221 million tax dispute against a seed company linked to Kenyan billionaire Vimal Shah and a former Central Bank of Kenya official.
Bidco Africa chairman Vimal Shah and former CBK governor Nahashon Nyagah have lost their two-decade fight to retain a stake in Kenya's Sh240 billion Tatu City development.
Vimal Shah’s Bidco Africa explores a partnership with Egyptian Swiss Group to expand food manufacturing and strengthen supply chains across East and Central Africa.
According to Forbes’ 2013 ranking of Africa’s wealthiest individuals, Shah, the chairman of Bidco Africa, had a net worth of $1.6 billion.
Bidco Africa is a multinational consumer goods company.