Banks tread with caution on Iran, Sudan tea trade

Co-op Bank MD Gideon Muriuki. FILE PHOTO | NMG

Tea traders could continue facing delays in payment for exports to Iran and Sudan as local banks tread carefully in dealing with the countries previously under US trade embargoes.

Co-op Bank #ticker:COOP CEO Gideon Muriuki told the Business Daily that the lender is not keen on establishing a presence in Sudan despite being part of a recent delegation to the country.

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