City Hall seeks new terms for Sh4.5 billion KCB loan

An aerial view of Nairobi City Hall. FILE PHOTO | NMG

City Hall has revealed plans to restructure a Sh4.45 billion KCB Group #ticker:KCB 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.

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