Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
UAP gets more time to settle Sh8bn Old Mutual, Stanbic loan
Ideally located at the heart of the Upper Hill financial district, UAP Tower on Upper Hill road marks a new milestone in the evolution of the Nairobi skyline. PHOTO | SALATON NJAU | NMG
Insurance Group UAP Holdings has restructured Sh8 billion worth of loans from its parent company Old Mutual Holdings and Stanbic Bank, delaying the repayment of the credit facilities by two one to three years.
A Sh2.2 billion loan from Stanbic Bank, which was to mature in January 2021, will now be paid in 2024.
