Nairobi, July 14 -- Agricultural firm Kakuzi has lost an application seeking to block the implementation of a gazette notice directing it to cede more than 3,200 acres of its land for the settlement of alleged squatters.

The Environment and Land court dismissed the application seeking to halt the implementation of the gazette notice published in November last year, pending the determination of an appeal it has filed.

In a ruling on July 6, the court said that the Nairobi Securities Exchange-listed firm has not offered any security or stated how it will compensate the residents in case the intended appeal is dismissed.

"There is no commitment from the Applicant (Kakuzi) that it will expedite the appeal and the said appeal is in good fai...