UAP gets more time to settle Sh8bn Old Mutual, Stanbic loan



Business Daily | by Victor Juma


Insurance Group UAP Holdings has restructured Sh8 billion worth of loans from its parent company Old Mutual Holdings and Stanbic Bank, delaying the repayment of the credit facilities by two one to three years.

A Sh2.2 billion loan from Stanbic Bank, which was to mature in January 2021, will now be paid in 2024…

Read more…

 


LEAVE A REPLY

Please enter your comment!
Please enter your name here