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Court stops CMA summons against Kakuzi directors pending ruling
The entrance to the Kakuzi factory in Makuyu, Muranga County. The firm posted a net profit of Sh387.6 million, marking a turnaround from a Sh131.7 million net loss in 2024.
The Court of Appeal has suspended summons issued against eight directors of Kakuzi Ltd in an investigation by the Capital Markets Authority (CMA) into alleged conflict of interest and financial impropriety.
A three-judge bench halted enforcement of the notices to show cause pending a ruling on an application filed by the directors challenging the regulator's actions.
