AllAfrica.com
CASH-STRAPPED Tuskys Supermarkets has Sh41.6 million in its only bank account with funds, as it fights off at least 26 cases filed by creditors seeking billions in dues dating as far back as 2016.
But the bank account is frozen, following four separate cases at the Chief Magistrate’s Court in Milimani, Nairobi.
Besides, the Sh41.6 million Tuskys has is hardly enough to cater for all the creditors making a beeline for the retail chain’s main trading account.
Landlords alone are owed in excess of Sh100 million, Hotpoint Appliances is claiming Sh248 million, businessman Pietro Canobbio is owed an estimated Sh200 million while Syndicate Agencies Ltd wants Sh30 million.
Amarinth partners with RentCo Africa to finance pumps 9 February 2021
Itai Choto, Amarinth s regional manager for the Africa territory.
Amarinth has signed a strategic alliance with RentCo Africa Ltd to provide and finance centrifugal pumps and associated equipment on attractive financing terms for capital projects across Africa.
RentCo Africa, an independent leasing company headquartered in Nairobi, Kenya, provides structured financing solutions through operating leasing and working capital solutions to both the private and public sectors in Africa.
The strategic partnership between Amarinth and RentCo will enable organisations making investments in pumping equipment to flexibly finance Amarinth’s horizontal, vertical, and inline vertical centrifugal pumps and associated equipment.
Rentco, UK pump maker ink petroleum equipment leasing deal
Monday February 08 2021
By JAMES KARIUKI
Asset leasing firm Rentco Africa has partnered with UK-based pump manufacturer Amarinth to supply petroleum exploration equipment.
In a joint statement, the firms said they will cooperate in financing and supplying centrifugal pumps and related equipment to projects across Africa.
Asset leasing firm Rentco Africa has partnered with UK-based pump manufacturer Amarinth to supply petroleum exploration equipment.
In a joint statement, the firms said they will cooperate in financing and supplying centrifugal pumps and related equipment to projects across Africa.
“We are targeting organisations that have capital constraints and are seeking to avoid upfront capex outflows, or are seeking a flexible payment plan,” they said.