Indo Africa Finance must pay YEDF Sh150 million plus interest after the High Court ruled it breached a youth loan financing agreement.
A microfinance institution will now pay the Youth Enterprise Development Fund (YEDF) more than Sh150 million in addition to interest from 2014, after the High Court found that it had breached its contract by failing to disburse the money to the youths and provide a guarantee to those who needed loan facilities.
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