Firm linked to Vimal Shah, ex-CBK governor lose Sh2bn Tatu City row

Firm linked to Vimal Shah, ex-CBK governor set to lose stake in Tatu City

An investment vehicle associated with Bidco Africa Chairman Vimal Shah and former Central Bank of Kenya Governor Nahashon Nyagah is set to lose its stake in Tatu City, bringing to a near end a dramatic decades-long battle for control of the multibillion-shilling real estate project. This follows the loss by Stephen Mbugua Mwagiru, one of […]

Shah and ex-CBK governor lose Tatu City battle

Bidco Africa chairman Vimal Shah and former Central Bank of Kenya governor Nahashon Nyagah are set to lose their stake in the Sh240 billion ($1.86 billion) Tatu City real estate project after the Privy Council, Mauritius's highest court, dismissed a final bid to halt the disposal of shares held in the offshore holding companies through which they invested in the development.The five-judge Privy Council bench ruled on May 16, 2026 that Stephen Mb…

Firm linked to Vimal Shah, ex-CBK governor lose Sh2bn Tatu City row

For nearly two decades, Tatu City’s foreign majority shareholders and Kenyan minority shareholders have been locked in protracted court battles, triggering delays in a row that moved to the...