Business Daily | by John Mutua
City Hall has revealed plans to restructure a Sh4.45 billion KCB Group loan in a bid to end a legal showdown with the lender and avoid property auction.
The county said that it will approach the lender and re-negotiate the terms of the loan to pay Sh55 million monthly over eight years.
City Hall did not disclose if it will seek a review of the interest rate from the 13 percent that KCB Group charged after it inherited the loan from Equity Bank…
