TransCentury Plc’s major shareholder, Kuramo, has expressed interest in writing off part of its $10.5 million (Sh1.35 billion) loan to the regional infrastructure investment company as part of a strategy to jumpstart the struggling company.
The Nairobi Securities Exchange (NSE)-listed firm disclosed that Kuramo, which owns 74.06 percent shareholding in the company has expressed interest in ‘forgiving’ TransCentury of this debt.
