Minority investors linked to businessman Vimal Shah and former CBK Governor Nahashon Nyagah are set to lose their indirect stake in Tatu City after the UK's Judicial Committee of the Privy Council dismissed an appeal related to the liquidation of Manhattan Coffee Investment Holdings.

• A nearly 20-year ownership dispute centered around a 5,000-acre mixed-use real estate development.
• The ruling effectively clears the path for the disposal of shares in special purpose vehicles that indirectly hold interests in Tatu City.
• Foreign investors had secured a $15 million award against Kenyan-linked investors in 2018 for detrimental conduct.