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Suraya gets Sh1.6b financing from banks amid delayed projects storm

CEO of Suraya Property Group Peter Moraya.

Suraya Property Group has secured Sh1.6 billion in fresh financing for completion of some of its pending housing projects.

This comes amid a storm of complaints from buyers. A number of investors have complained of project delays with some seeking refund of their investments while others have sought the intervention of the Directorate of Criminal Investigations. At the same time, some of Suraya’s properties have been targeted for auction by lenders.

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