Mombasa Cement wins Sh1.6bn insurance battle against Kenindia

gavel-money

The court awarded the cement manufacturer Sh664.7 million for damage to the silo and Sh982.4 million for lost profits, with interest.

Photo credit: Pool

The High Court has ordered Kenindia Assurance Company Limited to pay Mombasa Cement Sh1.64 billion over a collapsed blending silo and lost profits, ending a 12-year legal dispute.

The court awarded the cement manufacturer Sh664.7 million for damage to the silo and Sh982.4 million for lost profits, with interest at court rates from the filing of the suit in 2014 until payment, and costs.

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