Source-linked briefing Business

StanChart Targets Nakumatt Income to Recover Sh1.9bn Debt

StanChart Targets Nakumatt Income to Recover Sh1.9bn Debt

Standard Chartered has asked the court to let it recoup income tied to Nakumatt as it pursues recovery of a Sh1.9 billion debt. Filings indicate the bank also holds security linked to Creative Enterprises Limited, including a charge over LR No. 209/4062 in Nairobi.

Original headline

StanChart eyes Nakumatt income over Sh1.9bn debt