Business Daily | by Sam Kiplagat
Absa Kenya has won the first round in the fight for 98 motor vehicles purchased by the bankrupt Italian firm CMC Di Ravenna for use in the construction of the controversial Itare Dam in Nakuru.
Justice Francis Tuiyott upheld a consent agreed between CMC and Absa to freeze the transfer of the cars pending the outcome of a suit in which the bank is seeking to auction the vehicles over a Sh585 million loan advanced to the Italian firm in 2017…
