Kenyan Banks Give Iran Wide Berth

1 November 2017

Kenyan banks are reluctant to have anything to do with Iranian lenders even after lifting of sanctions against the Middle East country leaving tea traders scratching their heads on how to recover their debts.

Officials from the Kenya Tea Directorate were in Iran last week to try and solve the stalemate that has locked Sh120 million that Iranian buyers owe tea traders.

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