The High Court in Nairobi has dismissed allegations of mismanagement against the administrators of Copia Kenya Limited, ordering the company into final liquidation and appointing the same KPMG practitioners who oversaw its failed administration to wind up the business.
In a ruling delivered on September 17 and gazetted this week, Justice Rhoda Rutto rejected an application by unsecured creditor Tuffsteel Limited for preservatory orders, a forensic audit, and the appointment of an independent liquidator, finding that the allegations of impropriety were “speculative and unsupported by evidence.”
The decision brings to a close a contentious administration process that began in May 2024 when Copia, once among Africa’s…