Thursday, February 24, 2005

End of Mugoya?

Mugoya Construction & Engineering Co. Ltd has filed a notice though its advocates (Oluoch Olunya & Co) to wind up its business as per the Companies Act. This will bring an end to the pre-eminent construction company of the Moi-era. Mugoya was contracted for virtually all major construction projects running into billions of shillings and put up many landmark buildings around Kenya. However the company was also associated with cost over-runs and disputes over stalled projects. A hearing will be held on March 15th at the Milimani Commercial Courts, and creditors/parties wishing to be heard must notify the advocates in writing by March 10th. (Notice appears in EA Standard, February 24, 2005)

3 comments:

Anonymous said...

well that was a load of rubbish, wasn't it Bankelele.

---Supreme-G.R.E.A.M--- said...

Though this company has an impressive portfolio, I feel they are very much part of those who kulad our economy. I dont feel a dot of pain for him at all. Malipo ya ubaya na uzuri ni hapa hapa

Anonymous said...

I beleive Mr. Mugoya has a heart of Gold.I feel for him and urge him that he is a fighter who I believe can rise up like a phoenix from the ashes. Just do your business straight and things will be okay I beleive coz u have the potential.

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