EQUITY BANK RESTRUCTURES SH92BN LOANS IN COVID-19 SOFT LANDING

Equity has restructured Sh92 billion loans, equivalent to about 25 per cent of its net loans at the end of last year, as the lender seeks to cushion customers who have been hit by the coronavirus crisis. The relief, which is being determined on a case-by-case basis, also includes extension of loan terms to cut monthly instalments and repayment breaks on the full or part of the credit.

MAN POSSESSING ELEPHANT TUSK JAILED FOR FIVE YEARS

A Laikipia man was on Thursday sentenced to five years in prison for being in possession of an elephant tusk worth Sh400,000. The convict, Hillary Biwot Lagat, 26, was found guilty of being in possession of the game trophy in 2018. The court did not give him an option of fine. During his trial, the court heard that he was found with the tusk on October 19, 2010 on the Sipili-Kinamba without a permit.