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Stanbic Bank branch on Kenyatta Avenue, Nairobi. [File, Standard]
The appellate court has ordered Stanbic Bank Ltd to pay Kenya Haulage Agency Ltd Sh25 million for negligence that occasioned the firm to miss a Kenya Ports Authority (KPA) tender.
The Court of Appeal said the bank failed to issue a security bond valid for 120 days as agreed for the tender to supply ribbed-type pneumatic rubber fenders to KPA.
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