Stanbic Bank is facing a Sh9.6 billion ($80 million) compensation claim after it froze and reversed funds in an account held by passenger and cargo carrier Air Afrik.
The High Court has allowed the carrier to amend its compensation claim from the initial $14.4 million (Sh1.74 billion) for losses suffered after the South Sudan government terminated a $20 million (Sh2.41 billion) plane leasing contract due to cash hitch.
