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By early 2014 the company had been experiencing financial issues, so ECP assumed control of the company and appointed Briton Andrew Ross to help turn around the company in
November of that year; ECP brought on Briton Steven Haswell in April the following year. Gunter and Young stated that "By the
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middle of 2016, Spencon was on its knees." In
November 2016 the company collapsed, with Gunter and Young stated that it resulted in "hundreds of Kenyans out of work, some already missing months of pay." An additional 110 Kenyans were laid off by January 2017.
427:"UNITED STATES DISTRICT COURT FOR THE DISTRICT OF COLUMBIA IN RE APPLICATION OF BARNWELL ENTERPRISES LTD AND JITENDRA CHHOTABHAI PATEL FOR AN) ORDER PERMITTING DISCOVERY PURSUANT TO 18 U.S.C. § 1782 Case No. 16-mc-2581 (RC/GMH)"
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15 million) into the company and used it to take 37.4% of the company in 2009 by changing the money into
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When the company was at its largest, its workforce numbered 5,000. Joel Gunter and
Charles Young of the
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The company was established by
Jitendra Chhotabhai Patel. In September 1979 incorporation occurred.
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to get discovery, accusing ECP of illicitly buying a controlling stake in the company.
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in circa 1984–1985, 1988, and 1994, respectively. It also had operations in
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BBC. Spencon: Inside the collapse of an
African construction giant.
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BBC. Spencon: Inside the collapse of an
African construction giant
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197:"Kenyan contractor in Sh5.1bn fight with US private equity fund"
286:"Spencon: Inside the collapse of an African construction giant"
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Kenya (Corporate HQ) Off A104 Highway, Muguga
Nairobi, Kenya
313:"Construction company Spencon now retires 110 Kenyan workers"
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stated that it was "one of the largest construction firms in
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Rahimtulla Tower, hill road P.O. Box 881-00606 Nairobi Kenya
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United States
District Court for the District of Columbia
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In addition to its business in Kenya, began operating in
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167:The holding company was registered in
369:. Spencon. 2016-04-25. Archived from
341:. Spencon. 2011-05-24. Archived from
253:. Spencon. 2011-05-24. Archived from
228:. Spencon. 2003-04-25. Archived from
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487:Kenyan companies established in 1979
148:Historically its head office was in
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482:2016 disestablishments in Kenya
136:In 2017 Patel sued ECP in the
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477:Companies established in 1979
284:Gunter, Joel; Charles Young.
311:Juma, Victor (2017-01-23).
195:Juma, Victor (2017-01-13).
16:Former construction company
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472:Companies based in Nairobi
450:" (BBC Documentary on the
434:Government Printing Office
115:Emerging Capital Partners
121: 1.5 billion (
35:Building and Development
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318:Business Daily Africa
202:Business Daily Africa
50:Spencon Services Ltd.
27:Spencor Services Ltd.
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404: (archive index)
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416:. Retrieved
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371:the original
367:"Contact Us"
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32:Company type
108:East Africa
466:Categories
418:2020-04-06
377:2020-04-06
349:2020-04-06
324:2020-04-06
297:2020-04-06
261:2020-04-07
251:"About Us"
236:2020-04-07
208:2020-04-06
175:References
154:Upper Hill
93:Mozambique
454:official
443:(Article)
413:CDC Group
409:"Spencon"
339:"Contact"
169:Mauritius
73:Tanzania
456:YouTube
400:at the
398:Spencon
226:"Intro"
64:History
54:Nairobi
43:1979/10
40:Founded
158:Muguga
95:, and
89:Malawi
85:Zambia
83:, and
77:Uganda
430:(PDF)
152:, in
81:India
58:Kenya
123:US$
119:KSh.
75:and
291:BBC
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