Kenya: KCB Places Cash-Strapped Mumias Under Receivership Over Sh12.5bn Loan

25 September 2019

Nairobi — Kenya Commercial Bank has placed Mumias Sugar under receivership, a move it says will protect its assets.

This is after the sugar miller defaulted to pay up the Sh12.56 billion loan it owes creditors, among them KCB, Ecobank Kenya and Commercial Bank of Africa.

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