EADB has lost a 23-year bid to recover Sh1.3 billion after court ruled it failed to justify the loan’s escalation.
By
Brian Ocharo
Correspondent
Nation Media Group
The East African Development Bank (EADB) has lost its bid to recover Sh1.3 billion from Kenya Bus Service (Mombasa) Limited and its guarantors, bringing to an end a 23-year court battle.
It started with three Mombasa-based tycoons, standing as principal guarantors to a Sh126.75 million loan issued to Kenya Bus…
Questions have emerged over the operations of the East African Development Bank (EADB) in Kenya amid reports claiming the loss of…
The High Court rejected claims of excessive interest charges and undervaluation of assets, clearing the way for Equity Bank to…
This ends an 18-year legal battle over a failed Sh100 million investment.
The ruling came weeks after a Nairobi beer distributor, Bia Tosha Distributors Limited, lost twin bids to stop the transaction…
KPA has intensified efforts to recover more than Sh43.6 million in unpaid rental and cargo charges from a company linked to…
