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Togo-owned Ecobank is set to reap from the decades-long property boom in Kenya from the sale of its office tower in downtown Nairobi.
Disposal of the 19-floor block could help the West African owners recoup losses accrued from the banking business that has struggled to return profits in the past. The lender has invited bids from prospective buyers for the tower that was acquired from the East Africa Building Society in 2008 at Sh1.5 billion.
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