Heineken posts $1.9 million bank guarantee to freeze interest owed to Kenyan tycoon Ngugi Kiuna
Billionaires Africa | 03.07.2026 05:54
Dutch brewer Heineken has secured a $1.9 million (Sh250 million) bank guarantee from Equity Bank, allowing it to suspend payment of disputed interest on a compensation award to Kenyan businessman Ngugi Kiuna's Maxam Ltd while it challenges the charge on appeal.
