Home Business KCB sues Nairobi County on Sh5 billion defaulted Equity loan

KCB sues Nairobi County on Sh5 billion defaulted Equity loan

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Business Daily | by Sam Kiplagat

KCB Group has moved to the High Court to enforce the collection of Sh4.3 billion worth of loan and interest from the Nairobi County which has defaulted on the credit inherited from Equity Bank.

In an application filed before the High Court in Milimani, KCB wants the court to recognise a ruling from an arbitration dispute and compel the county government to settle the debt.

The county government was directed to pay KCB Sh4.3 billion in November last year after…

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