Court extends order barring Equity takeover of TransCentury, EA Cables

DNEAC1503F

East African Cables manufacturing plant offices in Industrial Area, Nairobi. 

Photo credit: File | Nation Media Group

Investment firm TransCentury and its sister company East African Cables have been handed a reprieve after a judge extended an order preventing the managers appointed by Equity Bank from acting as administrators of the two firms.

High Court judge Francis Gikonyo extended the order blocking George Weru and Muniu Thoithi from acting as receivers of the two firms for a period of 90 days from the date of the ruling.

PAYE Tax Calculator

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