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HomeDaily NewsTuesday, May 5, 2026Copia faces insolvency petition over unpaid debts - May 2026
Business & Economy4 stories from 2 sources

Copia faces insolvency petition over unpaid debts - May 2026

Kenyan e-commerce firm Copia Kenya is facing an insolvency petition at the High Court concerning unpaid debts, adding to challenges in Kenya's retail sector. This follows a significant profit surge at Car & General, which reported a fourfold jump in net profit to Sh2.4 billion for the year ended December 2025, driven by robust consumer segment sales. Family Bank founder Titus Muya received Sh128.63 million in board pay for the same period. In a separate legal development, digital lender Branch International Limited won a High Court case securing the right to deduct Sh796.7 million in loan write-offs from its tax assessment against the Kenya Revenue Authority.

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Tuesday 3:03 PMCapital Business

Copia faces insolvency petition over unpaid debts

Copia faces insolvency petition over unpaid debts

Kenyan e-commerce firm Copia Kenya is facing a new legal challenge with an insolvency petition filed at the High Court concerning unpaid debts.

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Key Highlights

Kenyan e-commerce firm Copia Kenya is facing a new legal challenge with an insolvency petition filed at the High Court concerning unpaid debts.

  • The petition was filed by Anthony Makenzi Muthusi and Julius Ngonga.
  • Copia Kenya is the organization involved.
  • The application is scheduled to be heard on May 11, 2026, adding to the company's ongoing financial struggles.
Tuesday 12:10 PMCapital Business

Family Bank founder Muya earns Sh128mn as board pay rises

Family Bank founder Muya earns Sh128mn as board pay rises

Family Bank founder Titus Muya received a substantial payment of Sh128.63 million for the year ended December 2025, as disclosed in the lender's latest financial statements.

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Key Highlights

Family Bank founder Titus Muya received a substantial payment of Sh128.63 million for the year ended December 2025, as disclosed in the lender's latest financial statements.

  • Titus Muya's total director remuneration amounted to Sh128.63 million, primarily driven by lump-sum benefits from his former role as Chief Investment Officer.
  • Family Bank reported a total board remuneration of Sh248 million.
  • The pay disparity highlights legacy entitlements for founding figures versus independent directors.
Tuesday 4:22 PMCapital Business

Car & General profit jumps over fourfold to Sh2.4bn

Car & General profit jumps over fourfold to Sh2.4bn

Car & General (C&G) has reported a significant surge in its net profit, jumping over fourfold to Sh2.4 billion for the year ended December 2025. This impressive financial performance was driven by robust sales within its consumer segment.

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Key Highlights

Car & General (C&G) has reported a significant surge in its net profit, jumping over fourfold to Sh2.4 billion for the year ended December 2025. This impressive financial performance was driven by robust sales within its consumer segment.

  • Net profit soared from Sh526 million in the previous year to Sh2.4 billion.
  • The key driver was strong sales in Kenya's two-wheeler segment and improved performance in Tanzania.
  • Turnover increased by 21 percent to Sh25 billion, with Uganda and Tanzania now contributing over 56 percent of total sales.
Monday 8:58 PMNation BusinessFirst

Digital lender wins in Sh796m tax deduction case against KRA

Digital lender wins in Sh796m tax deduction case against KRA

Branch International Limited has won a significant High Court case, securing the right to deduct Sh796.7 million in loan write-offs from its tax assessment, a victory against the Kenya Revenue Authority (KRA).

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Key Highlights

Branch International Limited has won a significant High Court case, securing the right to deduct Sh796.7 million in loan write-offs from its tax assessment, a victory against the Kenya Revenue Authority (KRA).

  • The digital lender can now deduct Sh796.7 million in bad debts from its 2018 tax assessment.
  • The case involved Branch International Limited and the Kenya Revenue Authority (KRA).
  • The High Court upheld the Tax Appeals Tribunal's decision, establishing that loan defaults in unsecured mobile lending can qualify as deductible business losses if reasonable recovery steps are taken.
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