redcross · LEAD
NBK Places Kenya Red Cross-Owned Boma Hotels Under Recievership
Kenya Comercial Bank’s NBK has placed the Kenya Red Cross owned Boma Hotels under receivership following huge debt. The affected include Boma Hotel Nairobi and Boma Inn Eldoret. According to NBK’s financial reports, the last time the said businesses made profits was in 2011 with losses moving up to Ksh1.4 billion in just three years. […]