ABOUT $130M DEBT

The East African - - MARKETS -

It owed 10 fi­nanciers, in­clud­ing the Euro­pean In­vest­ment Bank , Ger­man De­vel­op­ment Bank, French De­vel­op­ment Agency, African De­vel­op­ment Bank, West African De­vel­op­ment Bank, Ghana In­ter­na­tional Bank, and the Is­lamic Cor­po­ra­tion for the de­vel­op­ment of pri­vate sec­tor, about $130 mil­lion as at Oc­to­ber 2017. With the debt re­struc­tur­ing, the prin­ci­pal due with­out the stand­still agree­ment with the lenders is ex­pected to be $21.1 mil­lion from the cur­rent $65.63 mil­lion.

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