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Text of report by Sam Kiplagat entitled "Bad news for media tycoon as debt balloons to 30m shillings by Kenyan newspaper Daily Nation on 27 October, subheading as published
Media tycoon Samuel Kamau Macharia will have to pay 30m shillings [over 400,000 dollars] to transport company after letting 500,000 shillings debt accumulation over two decades. Mr Macharia, the owner of Royal Media Services [encompassing eight radio stations and a television station], failed to convince the Court of Appeal last Friday to stop bankruptcy proceedings brought against him by Oceanfreight Transport Company.
The company obtained a judgment of 500,000 shillings against Mr Macharia and …