Investment firm TransCentury #ticker:TCL has rolled over by one year Sh369.5 million worth of short-term loans it had taken from its controlling shareholder Kuramo Capital, buying the cash-strapped company more time to clean its books.
The Nairobi Securities Exchange-listed firm was due to repay three loans to the private equity firm between July and next month but the maturity of the debt has been extended as part of an ongoing balance sheet restructuring.
