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Express Kenya sells its land for Sh300m to boost cash position
An Express Kenya trailer. Express Kenya has sold three acres for Sh300 million to cut debt and boost cash as rising losses and borrowing strain its balance sheet.
Express Kenya has disclosed the sale of a portion of its land holdings for Sh300 million in an effort to raise funds to clear its debt obligations and improve its cash position.
The listed logistics firm said the disposal of the three acres of its Industrial Area land was concluded early this year.
