PRIME Ex-Scangroup boss rallies shareholders to expel CEO, board

Ranked News

📰 Kenya

PRIME Ex-Scangroup boss rallies shareholders to expel CEO, board 01.06.2026

Business Daily Africa

WPP Scangroup founder and former CEO Bharat Thakrar is spearheading an activist investor campaign to oust the current board at the company's upcoming AGM on Monday. He is rallying minority shareholders, who collectively hold 13.59 percent of the company's shares, to vote for the removal of the existing directors and the election of a new slate, citing a significant decline in financial performance. Minority shareholders point to a 62 percent drop in the company's share price since Thakrar's removal, aggregate trading losses of approximately Sh3.3 billion between 2021 and 2025, a widening net loss, and declining revenues. They also question a Sh1.2 billion loan to parent company WPP at a low interest rate, alongside the loss of major clients like KCB, Equity, NCBA, and Airtel Africa.

Business Daily Africa Full Article

📰 Top Stories

What is the ‘10-7-3’ theory around flydubai hijack scare? Social media links it to October 7 Hamas attack | World News

Hindustan Times

UK diesel price hits ÂŁ2 a litre as US calls for EU to release more stocks

Yahoo

Zelensky says Putin told generals to abandon rules of war in Ukraine

The Independent

Students and police clash as France’s government struggles to calm student tensions

CNN

US sending third carrier, about 10, 000 more troops to Middle East as Iran tensions persist

The Times of India

After Russia's Elections, An Expert On Fraud Is Arrested And Reportedly Beaten

RFE Radio Liberty

Calls grow for US death penalty halt after ‘torturous’ botched execution of Christa Pike

The Guardian

Un navire attaqué dans le détroit d'Ormuz, Trump menace de frapper l'Iran « trÚs fort »

Ouest France

Ethiopia and Eritrea cut diplomatic ties as northern conflict escalates

Yahoo

Brazil probes alleged US plan to fund far-right causes in the country

Euronews

đŸ‡ș🇾 United States

New York governor removes DA from Cornell rape case amid 'serious questions

Yahoo

„Wir haben ihn rausgeworfen“: Vance nutzt Zwischenrufer fĂŒr seine Wahlkampf-Botschaft

FR

Droht der Diesel-Schock? USA wollen Europas Reserven abziehen – EU-Kommissar warnt vor „dramatischen Folgen“

FR

Former Dallas officer who shot Black man in apartment that she mistook for hers gets parole

CNN

Tennessee cancels executions after botched lethal injection leaves inmate alive

Yahoo

DOE employee arrested by FBI for allegedly trying to support Houthis in Yemen

Yahoo

California outlaws child marriage, joining 17 other US states

The Guardian

Why trans voters could face voting hurdles during midterm elections

USA Today

NTSB: Amazon plane pilots weren't warned about winds before crash

USA Today

US-Astronauten erreichen ISS in Rekordzeit von unter acht Stunden

Tagesschau

🟠 Americas

Tennessee's corrections chief faces scrutiny after botched execution of Christa Pike

ABC News

Miami judge rules federal noncitizen voting law violates US Constitution

Aljazeera

Justice Department finds UCLA law school illegally used race in admissions

The Independent

At Washington’s tomb, a British royal honors the man who kicked out the Crown

CNN

Trump claims best presidential numbers despite low approval rating

The Independent

The wealthy Cuban Americans ready and waiting for Havana to fall

BBC

Former sheriff's deputy Eddie Duran found not guilty of manslaughter in fatal shooting of Airman Roger Fortson

ABC News

US Supreme Court agrees to take up Trump’s ICE detention policy

Aljazeera

Brazilian government calls for probe into US funding of far-right causes

Aljazeera

Trump team is now looking to see if DOJ committed misconduct in investigating Richard Nixon’s Watergate

The Independent