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KCB takes tycoon’s company after he defaults on Sh. 2.7 billion loan

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Kenya Commercial Bank (KCB) has taken over a milling company owned by Mombasa tycoon Tahir Sheikh Said citing its default on a Sh1 billion loan. According to the Business Daily, KCB has over Sh. 2.7 billion bad loans with Tahir Sheikh Said. The bank recently issued a statement indicating that it was taking over Tahir’s […]

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