Kenyan High Court backs foreign lenders in $17m loan dispute
The Milimani Law Courts in Nairobi. The High Court has allowed two foreign lenders to recover $17 million foreign loan, signalling a future policy shift on cross-border financing.
A Kenyan court has allowed two foreign lenders to recover a Ksh2.2 billion (about $17 million) foreign loan, signalling a future policy shift on cross-border financing.
At the heart of the dispute was whether foreign financiers can lend, contract and register securities in Kenya without first being incorporated or licensed in the country.
