{"id":40511,"date":"2021-11-30T14:19:32","date_gmt":"2021-11-30T14:19:32","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/?p=40511"},"modified":"2021-11-30T13:49:43","modified_gmt":"2021-11-30T13:49:43","slug":"ruto-linked-company-bags-ksh190-million-tender-amid-bankruptcy-case","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/ruto-linked-company-bags-ksh190-million-tender-amid-bankruptcy-case","title":{"rendered":"Ruto-Linked Company Bags Ksh190 Million Tender Amid Bankruptcy Case"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>An insurance company linked to Deputy President William Ruto has been handed a lifeline after it sealed a Ksh190 million deal with the Nairobi County.<\/p>\n

A report by Business Daily on Tuesday, November 30, indicated that the company, Africa Merchant Assurance Co. Ltd (Amaco), was awarded the tender to provide insurance cover for the county’s motor-vehicles and motorcycles.<\/p>\n

The company was awarded the tender following a court ruling in which two other companies had challenged the decision by Nairobi County to give the tender to AMACO.<\/p>\n

In her ruling, Justice Pauline Nyamweya approved the tender which had been cancelled by the county’s procurement office. The judge argued that the office had no powers to quash the tender.<\/p>\n

\u201cThe ex parte Applicant (AMACO) is therefore entitled to the orders sought of certiorari to quash the said decision, in light of the applicable principles as regards the grant of this remedy,\u201d ruled the judge.<\/p>\n

The tender, which had been awarded in early 2020, was cancelled after the two insurance firms argued that they had not received notices on the cancellation of their bids.<\/p>\n

AMACO, however, moved to court challenging the cancellation of the tender.<\/p>\n

This tender offers a lifeline to the insurance company which is on the verge of bankruptcy following a Ksh10 million debt owed to six individuals.<\/p>\n

In November 2020, the court had sanctioned the process of shutting down the firm after a protracted battle over the payments.<\/p>\n

The six who included Elizabeth Karithi, Anisia Muthoni, Faith Muthoni and Silas Kinoti among others claimed that the firm had not paid their dues and in some cases issued bouncing cheques.<\/p>\n

The closure order was, however, suspended days later after settling a debt of Ksh4.3 million.<\/p>\n

\u201cWhereas the company has outstanding liabilities, we remain committed to settle all of the genuine ones as per our contractual obligation. From 2017 to date, AMACO has paid out a total of Ksh 4 billion in claims and legal liabilities despite the prevailing economic conditions,\u201d the firm explained at the time.<\/p>\n

For More News And Analysis About Kenya<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. An insurance company linked to Deputy President William Ruto has been handed a lifeline after it sealed a Ksh190 million deal with the Nairobi County. A report by Business Daily on Tuesday, November 30, indicated that the company, Africa Merchant Assurance Co. Ltd (Amaco), was awarded the tender to provide insurance cover […]<\/p>\n","protected":false},"author":84,"featured_media":40510,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,8,12,16],"tags":[6857,7003,544],"class_list":["post-40511","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","category-twitter","tag-africa-press","tag-africa-press-kenya","tag-kenya"],"yoast_head":"\nRuto-Linked Company Bags Ksh190 Million Tender Amid Bankruptcy Case - kenya<\/title>\n<meta name=\"description\" content=\"An insurance company linked to Deputy President William Ruto has been handed a lifeline after it sealed a Ksh190 million ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/ruto-linked-company-bags-ksh190-million-tender-amid-bankruptcy-case\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ruto-Linked Company Bags Ksh190 Million Tender Amid Bankruptcy Case\" \/>\n<meta property=\"og:description\" content=\"An insurance company linked to Deputy President William Ruto has been handed a lifeline after it sealed a Ksh190 million ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/ruto-linked-company-bags-ksh190-million-tender-amid-bankruptcy-case\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-30T14:19:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/11\/img-61a62be01aab6.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"360\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/ruto-linked-company-bags-ksh190-million-tender-amid-bankruptcy-case#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/ruto-linked-company-bags-ksh190-million-tender-amid-bankruptcy-case\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Ruto-Linked Company Bags Ksh190 Million Tender Amid Bankruptcy Case\",\"datePublished\":\"2021-11-30T14:19:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/ruto-linked-company-bags-ksh190-million-tender-amid-bankruptcy-case\"},\"wordCount\":353,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/ruto-linked-company-bags-ksh190-million-tender-amid-bankruptcy-case#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/11\/img-61a62be01aab6.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Kenya\",\"Kenya\"],\"articleSection\":[\"all news\",\"head lines\",\"homepage-english\",\"policy\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/ruto-linked-company-bags-ksh190-million-tender-amid-bankruptcy-case#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/ruto-linked-company-bags-ksh190-million-tender-amid-bankruptcy-case\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/ruto-linked-company-bags-ksh190-million-tender-amid-bankruptcy-case\",\"name\":\"Ruto-Linked Company Bags Ksh190 Million Tender Amid Bankruptcy Case - 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