Home Business DTB throws Tuskys lifeline in Sh1.7bn loan restructure

DTB throws Tuskys lifeline in Sh1.7bn loan restructure

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Business Daily | by Bonface Otieno


Tuskys has disclosed that DTB Bank has agreed to restructure a Sh1.7 billion short-term loan, offering a reprieve to the retailer facing the threat of liquidation on mounting debts.

The cash-strapped supermarket chain says DTB has agreed to lengthen the repayment of the loan to an undisclosed period to ease repayment. The bank has also agreed to provide Sh450 million in overdrafts…

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