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KCB takes over Mombasa tycoon’s company in Sh1bn bad debt tussle

Mombasa businessman Twahir Sheikh Said, popularly known as TSS at a past public meeting. PHOTO | LABAN WALLOGA

Kenya’s biggest bank by capitalisation, KCB, has taken over a milling company owned by Mombasa tycoon Tahir Sheikh Said citing its default on a Sh1 billion loan.

KCB, which has in excess of Sh1 billion non-performing loans with Tahir Sheikh Said (TSS) Unga Millers, issued a notice in May indicating that it had taken over management of the miller.

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