Copia faces insolvency petition over unpaid debts
Insolvency occurs when a company is unable to meet its financial obligations as they fall due or when its liabilities exceed its assets. Kenya breaking news | Kenya news today |..
✨ 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.
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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.
