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TransCentury suffers setback in Sh2.2 billion loan row with Equity Bank

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The main entrance to East Africa Cables head office in Nairobi. Equity Bank raided the offices on Thursday over unpaid loans by the firm and its parent company TransCentury Ltd. [Edward Kiplimo, Standard]

The High Court has declined to stop Equity Bank from taking over investment firm TransCentury Ltd in a row over a Sh2.2 billion loan.

This comes as the company said in a statement yesterday it had made major steps to repay the loan owed by its sister company, East Africa Cables.

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