Business Daily | by Patrick Alushula
Kwale miner Base Resources has repaid Sh5.4 billion ($50 million) as part of the loan taken in the first quarter of the year to boost its liquidity position in the wake of coronavirus pandemic.
The firm says in latest trading update the repayment is part of the Sh8.2 billion ($75 million) that it drew when Covid-19 disruptions were gathering pace in its markets operations such as Kenya.
The Australian-based miner says the decision to repay a loan at a time when…
