Nairobi Business Ventures (NBV), which operates a chain of shoe stores under the brand name KShoe, has converted its short-term debt into long-term loans to ease finance costs on its cash flows.
The shoes and leather accessories vendor saw its non-current loans in the nine months ended September increase by Sh41.4 million to Sh65.5 million while its current loans reduced by a similar margin to Sh15.3 million.
