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Inside the battle between Kakuzi directors and CMA
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.
A long-running dispute between agribusiness firm Kakuzi Plc and the Capital Markets Authority (CMA) has escalated to the Court of Appeal, pitting the company’s board of directors against the market regulator in a case that could have far-reaching implications for listed firms.
The matter was heard this week as parties await directions from the higher court. Kakuzi moved to the appellate court after the High Court declined to stop CMA's inquiry into Kakuzi’s affairs. The company is now seeking orders to preserve the status quo pending determination of its appeal.
