East African Cables receiver manager quits after Ecobank deal

East African Cables receiver manager quits after Ecobank deal

A receiver appointed to take over the management of certain assets of East African Cables has ended his mandate after the Nairobi Securities Exchange-listed firm reached an agreement with Ecobank Kenya Limited whose Sh188 million it had failed to pay. Ecobank advanced the cash to the company through debentures –an agreement in which the borrower […]