Vimal Shah joined the United States International University to study business administration. He graduated in 1980 with majors in accounts and financial management and was soon employed as an insurance agent by the American Life Insurance Company (Alico).
The company traded as Bidco Soap Processors, a name derived from the initials of family patriarch Bid Shah.
http://www.nationaudio.com/News/EastAfrican/10122001/Features/Magazine13.html
Bidco Oil Refineries Limited has received a government guarantee of Sh8.5billion loan, which was reportedly given without parliamentary approval.
http://www.nationaudio.com/News/DailyNation/10022004/News/News10022004122.html
Bidco ventured into Tanzania in 2001 after buying a bar soap producing firm, Shivji and Sons Limited, whose flagship brand was Mshindi bar soap. The company had six branches.
Kenya’s Bidco Oil Refinery topped Uganda’s list of 2003 foreign investors with a Sh7.7 billion refinery in Jinja refinery.
Meanwhile, Bidco has become the first private company to list and issue corporate bonds at the Dar Es Salaam Stock Exchange (DSE).
The bonds - fixed and floating - were issued on February 17, 2004. They are structured, managed and handled by Barclays Merchant division of South Africa
http://www.eastandard.net/business/bsnews15040406.htm
Business
Friday, November 19, 1999
Bidco seeks to raise Sh300m ($4,000,000)
Bidco Oil Refineries Limited yesterday launched a Sh300 million commercial paper.
http://www.nationaudio.com/News/DailyNation/191199/Business/Business5.html
Tuesday February 17, 2004
Oil firm defends Uganda deal
The Kenyan transnational at the centre of a brewing storm over a $120 million agro-industrial investment in neighbouring Uganda has denied any impropriety in the matter.
Bidco said that its dealings with the Ugandan government were completely above-board and that it had not received any loans or guarantees from the same.
http://www.nationaudio.com/News/DailyNation/Supplements/bw/17022004/story17025.htm
The case was filed in 1999 by Unilever through its lawyer Fred Ochieng while Mr Paul Kihara Kariuki represented Bidco in the initial stages, however now both are Acting High Court judges.
During the trial Unilever PLC had told the court that it is the registered proprietor of the trade mark 'Blue Band' since March 20,1947, it had contested a decision by Bidco Oil Industries to use 'Gold Band' in its margarine product.
http://www.nationaudio.com/News/DailyNation/Supplements/bw/17022004/story170210.htm
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