Private port seeks to restructure Sh3bn local banks’ loans

A Comarco project at the Coast. The company said it’s close to finishing restructuring of the loans. FILE PHOTO | NMG

Comarco Group, which operates a private port in Mombasa, is seeking to restructure $29.1 million (Sh3 billion) loans it took from DTB #ticker:DTK, NCBA #ticker:NIC and I&M Bank #ticker:I&M.

The Kenyan lenders issued a series of dollar-denominated loans to the marine logistics firm, some of which have not been repaid.

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