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Court gives Stanbic bank go-ahead to sell Karuturi flower farm assets in bid to recover sh1.8B loan

21, Jul 2021

The supreme court has given Stanbic bank the go-ahead to sell the assets of Karuturi flower farm in a bid to recover a loan of over sh1.8 billion. The flower farm was placed under receivership seven years ago over debt. Its closure affected over three thousand jobs the farm had created