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Resolved1 update Updated May 4

Wells Fargo Suffers Blow In Fight To Stay Operational

Wells Fargo Limited The private security industry in Kenya was thrown into a frenzy early this month when the Private Security Regulatory Authority (PSRA) published a gazette notice listing 183 authorized firms to operate in the country, leaving many others scrambling to understand how they would continue to do busines

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Wells Fargo Suffers Blow In Fight To Stay Operational

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Wells Fargo Limited The private security industry in Kenya was thrown into a frenzy early this month when the Private Security Regulatory Authority (PSRA) published a gazette notice listing 183 authorized firms to operate in the country, leaving many others scrambling to understand how they would continue to do business. One company, Wells Fargo, which has been in operation for more than 45 years, employing over 3,000 guards and generating an annual turnover of Sh1.8 billion, found itself on the list of unauthorized companies and quickly took legal action. According to court papers, Wells Fargo's license application has been pending for nearly three years and despite numerous attempts to follow up with the PSRA, the company has yet to receive a...

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