Kenyan businessman Julius Mwale halts contractor payment with deposit
Billionaires Africa | 31.12.2025 15:35
Kenyan businessman Julius Mwale, founder of Mwale Medical and Technology City (MMTC), has been ordered by the High Court to deposit $132,400 in court as he prepares to appeal a judgment against him over a road construction dispute. The ruling requires the US-based entrepreneur to make the deposit within 30 days, effectively pausing Sifatronix Limited’s effort to recover Ksh17.1 million ($132,400) pending the appeal.
