September 15, 2026
Nairobi, Kenya

Bidco Africa

Business

Vimal Shah details how decades of personal trust in Nick Nesbitt led to a Ksh102 million financial hit for Bidco Africa

Vimal Shah has detailed in court how a Ksh102.4 million foreign exchange transaction turned into a major financial loss for Bidco Africa, saying his long-standing trust in former Capital Markets Authority chairman Nick Nesbitt influenced his decision to enter the deal. Shah, the Bidco Africa chairman and founder, told the Milimani Magistrate’s Court that he

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