The Capital Markets Authority (CMA) has directed Nairobi-based investment bank Genghis Capital Limited to submit a plan on how it intends to settle an outstanding $2.74 million (Sh354.4 million) debt owed to a South African businessman, amid threats to auction its office assets.
The regulator said it had reached out to Genghis for the debt settlement roadmap, even as it allayed fears that the billions of shillings held in two funds managed by the investment firm were at stake.
