Sugar miller Mumias #ticker:MSC has been left in a financial tight spot after three commercial banks recalled Sh2.6 billion loans they had disbursed to the insolvent firm, testing efforts to rescue it from liquidation.
Ecobank Kenya, KCB #ticker:KCB and Commercial Bank of Africa have demanded to be paid their Sh1.7 billion, Sh480.1 million and Sh364.5 million loans respectively, breaking ranks with other lenders, including French investment fund Proparco, who are owed Sh9 billion.
