Kenyan firms’ wars with global lenders risk access to loans

African Development Bank headquarters. PHOTO | COURTESY

Protracted legal disputes between Kenyan companies and multilateral financial institutions could put local businesses under sharp scrutiny affecting their ability to access much-needed long-term capital.

The long-running litigations pitting local companies in Kenyan and foreign courts might also paint a bad picture to financial institutions such as the World Bank, International Finance Corporation, East African Development Bank, African Development Bank, PTA Bank and Afri-Exim Bank.

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