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HomeDaily NewsThursday, September 24, 2026Naivas Owners File Court Case to Restore HR Outsourcing Firm - September 2026
Business & Economy3 stories from 1 sources

Naivas Owners File Court Case to Restore HR Outsourcing Firm - September 2026

The owners of Naivas supermarket chain have filed a court case to reinstate Achievo Limited, a human resource outsourcing firm that was removed from the Companies Register on May 29, 2026. A petition has been separately filed to prevent the reappointment of Agricultural Finance Corporation (AFC) Managing Director George Kubai, whose term ends in February 2027. A Mumias Sugar Company shareholder is challenging the Capital Markets Authority (CMA) at the Commission on Administrative Justice (CAJ) over its refusal to disclose detailed information regarding the prolonged suspension of the company's shares.

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Thursday 9:00 AMCapital BusinessFirst

Naivas owners move to court to restore HR outsourcing firm

Naivas owners move to court to restore HR outsourcing firm

The owners of Naivas supermarket chain have filed a court case to reinstate Achievo Limited, a human resource outsourcing firm that was removed from the Companies Register on May 29, 2026.

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Key Highlights

The owners of Naivas supermarket chain have filed a court case to reinstate Achievo Limited, a human resource outsourcing firm that was removed from the Companies Register on May 29, 2026.

  • Achievo Limited was struck off the Companies Register in May 2026.
  • The applicants seek to prevent the company's assets from being declared bona vacantia (ownerless property).
  • The case is before Lady Justice Rhoda Rutto in the High Court Commercial and Tax Division.
Thursday 12:40 PMCapital Business

Mumias shareholder challenges CMA over access to information

Mumias shareholder challenges CMA over access to information

A Mumias Sugar Company shareholder is challenging the Capital Markets Authority (CMA) at the Commission on Administrative Justice (CAJ) over its refusal to disclose detailed information regarding the prolonged suspension of the company's shares.

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Key Highlights

A Mumias Sugar Company shareholder is challenging the Capital Markets Authority (CMA) at the Commission on Administrative Justice (CAJ) over its refusal to disclose detailed information regarding the prolonged suspension of the company's shares.

  • Shareholder Taiti Hanningtone requested information on 33 issues related to the share suspension.
  • The CMA provided limited information, citing the Capital Markets Act and directing some queries to the company and its receiver-manager.
  • Mumias Sugar Company shares have been suspended from trading since September 2019.
Thursday 2:59 PMCapital Business

Petition seeks to block third term for AFC boss George Kubai

Petition seeks to block third term for AFC boss George Kubai

A petition has been filed to prevent the reappointment of Agricultural Finance Corporation (AFC) Managing Director George Kubai, whose term ends in February 2027.

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Key Highlights

A petition has been filed to prevent the reappointment of Agricultural Finance Corporation (AFC) Managing Director George Kubai, whose term ends in February 2027.

  • Concerns raised include governance, procurement, and financial management, referencing findings from the Auditor-General's report for the year ended June 2025.
  • The petition was filed by Kenyan citizen Alan Masakhalia, urging Agriculture Cabinet Secretary Mutahi Kagwe to ensure a transparent succession process.
  • The petition highlights issues such as 134 repossessed farms valued at approximately Sh416 million and non-performing loans estimated at Sh1.02 billion.
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