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Virus halts Alios acquisition deal

Doubts have emerged on whether a multi-million-shilling acquisition deal between Vehicle and Equipment Leasing Ltd (Vaell) and Alios Finance will go through.

The deal, which would have seen Vaell acquire a major stake in Alios’ Kenya, Tanzania, and Zambia operations, now hangs in the balance due to the uncertainty posed by the coronavirus pandemic that has thrown global markets into chaos. 

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