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The growing influence of Sarrai Group: The company behind Kilembe Mines’ redevelopment 

Sarrai Group directors from left Rakesh Kumar Bverts, Sarbjit Singh Rai and Stephen Chege Kirumba. Courtesy photo

On 14 April 2022, Justice Mabeya, of the High Court in Kenya cancelled a 20-year concession that had leased Mumias Sugar assets to Sarrai Group in December 2021.  The termination came after a series of court cases that had accused Sarrai Group of illegally and fraudulently winning a bid offer in a process – headed by Kenya Commercial Bank (KCB)’s receivership manager P V Rao – that had failed to consider other creditors, consult the Competition Authority of Kenya and explain how Mumias would repay its creditors, among others.  Whereas the cases had played out in Kenya, it touched Uganda…

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About the Author

Paul Murungi is a Ugandan Business Journalist with extensive financial journalism training from institutions in South Africa, London (UK), Ghana, Tanzania, and Uganda. His coverage focuses on groundbreaking stories across the East African region with a focus on ICT, Energy, Oil and Gas, Mining, Companies, Capital and Financial markets, and the General Economy.

His body of work has contributed to policy change in private and public companies.

Paul has so far won five continental awards at the Sanlam Group Awards for Excellence in Financial Journalism in Johannesburg, South Africa, and several Uganda national journalism awards for his articles on business and technology at the ACME Awards.

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