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Jamii Bora Bank has been saved from having to convert its loan in Kenya Airways (KQ) into equity, unlike 10 other lenders owed money by the national carrier.
This came as the Nairobi bourse pulled the plug on the airline’s Sh7.9 billion worth of shares to allow for restructuring. Before the suspension, KQ shares were trading at Sh5.3 at the close of trading on Tuesday with 758,100 shares traded.
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