Prime

Java founder to pocket Sh1.3bn in takeover deal

A Java coffee house restaurant on Nairobi’s Koinange Street. FILE PHOTO | NMG

By  Victor Juma

Business Editor

Nation Media Group

Java Coffee House’s founder and chairman Kevin Ashley is on course to pocketing Sh1.3 billion from the sale of his stake to Dubai-based private equity firm Abraaj Group.

Mr Ashley is selling his stake as part of Abraaj’s takeover of the coffee chain at an estimated price of Sh13 billion.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.

Get it First!

Stay up to date on the editors' picks of the week.

Latest

  1. Treasury

    PRIME Sh1.7 trillion of public debt due before June next year

  2. PRIME The family business owner's gamble that grew a Sh50bn turnover retail enterprise

  3. PRIME Former PS overturns move to hide Middle East Bank stake

  4. PRIME Women over 50 carve spaces to rediscover themselves

In the headlines

View All