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Kenya's TransCentury says confident of settling debt

NAIROBI, KENYA:  Kenya's TransCentury Ltd expects to settle its outstanding dollar debt in the near future, the investment firm said on Monday.

Shares in TransCentury, which was founded by a group of wealthy Kenyan friends in 1997, had plunged about 70 percent in the past year, raising concerns about its ability to repay the $75 million that is due next month.

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