Alexander Forbes seeks to settle Sh554 million dispute out of court

South African financial advisory company Alexander Forbes has entered into negotiations with Kenyan firm Zanele Investment Holdings in a bid to settle a Sh554 million loan dispute that is now the subject of a court case.

High Court judge Grace Nzioka on Monday adjourned the case filed by Zanele to stop Alexander Forbes from recovering the disputed amount after the two parties requested for time to reach a possible settlement that would see the matter withdrawn.