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Vulture fund demands Sh1b from Matiba family empire
Kenneth Stanley Matiba and a view of Hillcrest School in Nairobi, which forms part of the Matiba family business empire. Photos/File
The business empire of ailing politician Kenneth Matiba is entangled in a legal tussle with a vulture fund which is seeking close to Sh1 billion for “helping” the Alliance Group of companies reach a loans servicing agreement with Barclays Bank of Kenya and in managing the group’s other liabilities.
The demand by a Kenyan-Canadian investor, Hanif Sheikh, who helped save some of the Matiba family properties from imminent auction, is now at the centre of a dispute that is before court.
