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Sanlam delays paying parent group Sh2.8bn

Sanlam House, former Sanlam Kenya headquarters on Kenyatta Avenue in Nairobi. PHOTO | SALATON NJAU | NMG

By  Victor Juma

Business Editor

Nation Media Group

Underwriter Sanlam Kenya #ticker:SLAM has extended the repayment of a Sh2.8 billion outstanding loan it took from a unit of its parent company, Sanlam Group, to December.

The Nairobi Securities Exchange-listed firm was to settle the amount in 2019 but was unable to make the payment in the period when its cash holdings stood at Sh1.1 billion.

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