Last week, tycoon Ngugi Kiuna lost his appeal to the Capital Markets Tribunal to stop the proposed buyout of BOC Kenya by fellow listed firm Carbacid Investments.
In May, he got a different outcome when the Court of Appeal upheld a Sh1.8 billion award to him by a lower court against Dutch brewer Heineken for unlawful termination of a distributorship contract. Heineken has, however, filed an appeal at the Supreme Court to fight the award.
