Karuturi was placed under receivership on February 10, 2014. To forestall the receivership and sale of the suit assets, Karuturi filed a suit in court and applied for an injunction restraining the auction.
Author: David Indeje
David Indeje
David Indeje is the Community Engagement Editor at Khusoko, East Africa’s leading digital business news platform. He shapes editorial content, drives audience engagement, and amplifies diverse voices. Beyond journalism, he consults on digital strategy across agriculture, governance, technology, and health, while examining AI’s role in the future of media. He also serves as Communications Officer at KICTANet, advancing digital inclusion and policy dialogue.
Collin Morikawa wins The 149th Open to become Champion Golfer of the Year Collin Morikawa, a 24-year-old American won the British Open with a bogey-free, 4-under 66 Sunday. He overtook Louis Oosthuizen, after making three straight birdies from the seventh hole. “We are so honoured to be here on this beautiful golf course. Royal St George’s have put on a fantastic major Championship. To be called Champion Golfer of the Year means so much. Let’s keep this going,” said Morikawa. This was his first appearance at the British major, and he became the first man to win both the PGA…
Kenya’s construction industry is expected to grow at 4.5 per cent according to a report by the Architectural Association of Kenya (AAK) released on Tuesday. The report, Status of the Built Environment covering the period January-June 2021, says the recovery is attributed to the easing of COVID-19 related restrictions. In the medium term, AAK projects a gradual acceleration of growth, supported by a number of large-scale roads and related infrastructure projects, for which construction is likely to begin in 2022. “While this puts Kenya in line with the 2021 Sub-Saharan African average of 4.4 per cent for construction industry growth,…
Kenya Lionesses beat Egypt 99-83 in Saturday’s FIBA Africa women’s Zone 5 qualifiers final in Kigali, Rwanda. This means Kenya has secured a ticket to the FIBA Women’s Afrobasket taking place in Yaounde, Cameroon from 17th to 26th September. https://twitter.com/AMB_A_Mohammed/status/1416462323875782657?s=20 Victoria Reynold Wanjara was named the tournament’s Most Valuable Player as well as the best small forward while Felmas Adhiambo Koranga was named best power forward. “It was a very competitive tournament and getting this award on my first time here with the team is unbelievable. I am pleased we have won and qualified,” Wanjara said. Kenya Lionesses Assistant coach…
Chinese smartphone brand Xiaomi for the first time became the world’s second-largest vendor by handset shipments ahead of Apple in Q2, 2021 according to the latest numbers from research firm Canalys. According to the report, it accounted for 17 per cent of the global market. Its performance was lifted by strong sales in Latin America, Africa and Europe. “Xiaomi is growing its overseas business rapidly,” said Canalys Research Manager Ben Stanton. “For example, its shipments increased more than 300% in Latin America, 150% Africa and 50% in Western Europe. And as it grows, it evolves. It is now transforming its…
Remittance inflows hit a record high of $305.9 million in June, a 20.4 per cent increase supported by higher flows from the US. According to Central Bank data, the June numbers were higher compared to USD 288.5 million in June 2020 and USD 315.8 million in May 2021. “The cumulative inflows in the 12 months to June 2021 totalled USD 3,383 million compared to USD 2,809 million in the same period in 2020, a 20.4 per cent increase,” the CBK said. In the month, the United States remained the largest source of remittances into Kenya, accounting for 58.8 per cent…