They have fountain schools, a nondescript school in Mwea, have been building a hotel in Sagana which seems to have stalled, own mobikash which moved around 300m in 2015- could have made a profit or loss, owns foundation technologies which I hear is the only profitable entity, but too small for the thousand ofshareholders to get any returns
They own 5% of credit bank, which you wouldn’t say is a major bank
Kwaza hiyo mobicash ni fake sana, naskia wanapika vitabu vinoma. Jichungeni na FEP na hizo zingine, hizo ni ma kanyari kind of biz
Ex-Britam staff now risk fresh charges over DPP’s inaction in fraud case By Standard Reporter Updated Sun, November 6th 2016 at 00:00 GMT +3 SHARE THIS ARTICLE Cytonn Investments Chief Executive Edwin Dande and his Acorn Group counterpart Edward Kirathe at a past event. The two, alongside others, are accused of diverting millions of shillings from Britam. (PHOTO: ELVIS OGINA/ STANDARD) Directors of property development firm Acorn Ltd could be charged afresh in a criminal case that was withdrawn by the complainant more than a year ago. This is after the the Director of Public Prosecutions (DPP) failed to withdraw criminal charges against the directors even after an out-of-court settlement had been reached. Diversified financial services company Britam had filed a number of civil and criminal suits in 2014 against Acorn and its former employees Edwin Dande, Elizabeth Nkukuu, Patricia Wanjama and Shiv Arora whom it had accused of fraudulently transferring billions of shillings from its accounts. The dispute started when Britam went to court, claiming that its former managers fraudulently siphoned billions of shillings from its accounts and channelled them to accounts held by Acorn Ltd and its affiliates.
Read more at: http://www.standardmedia.co.ke/business/article/2000222340/ex-britam-staff-now-risk-fresh-charges-over-dpp-s-inaction-in-fraud-case
Seems this Cytonn issue is not going away soon.
Very interesting & informative discussion here.