Companies that have deposits running into billions of shillings locked in the troubled Chase Bank are set for a major cash boost with the sale of the lender releasing up to 75 per cent of their money.
Betting firm SportPesa, investment company Centum #ticker:ICDC, State-owned Kenya Ports Authority (KPA), the Kenya Tea Development Agency (KTDA), United Nations Sacco, and South Africa’s hotel group City Lodge are among the institutions with large sums held at Chase Bank after it was placed under receivership.
