Connect with us

Hi, what are you looking for?


Longhorn to offload entire stake in Law Africa

Longhorn Publishers, Managing Director Simon Ngigi/FILE

NAIROBI, Kenya, Dec 13 – Longhorn Publishers shareholders have approved the sale of its entire shareholding in Law Africa firm.

The publisher announced its intention to offload its entire shareholding in Law Africa firm to shareholders on 8th of December 2017, 17 months after acquiring a controlling stake.

After the vote, about 99.8 percent voted for the offload.

The listed company had told shareholders that it has already identified a prospective buyer, even though it did not disclose the price.

The deal will see the purchaser get the entire stake, being 92 per cent of the issued share capital of Law Africa. When completed, Law Africa will cease being a subsidiary of Longhorn.

Longhorn purchased 74 percent stake in Law Africa in June 2016.

Law Africa is a private company that carries on business as a legal content publisher and a trader in both print and electronic books.

The company has three wholly-owned subsidiaries including Law Africa Publishing Uganda, Law Africa Publishing Limited (Tanzania) and Nathan Books Limited.

Law Africa specialises in publishing legal material for the East African market and is at the moment planning to venture into South Sudan.

Advertisement. Scroll to continue reading.
Click to comment

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...


NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...


NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...


NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...


NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...