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Radio Generation Kenya

Loan dispute

Former Cabinet Minister Raphael Tuju. PHOTO/Business Daily
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Raphael Tuju defends Sh1 billion financing deal, accuses lenders of changing terms

The funding, Tuju explained, was meant to support a hospitality venture, including the construction of 15 to 20 villas, which would generate revenue to repay the loan. He added that there was already clear demand for the development, with prospective buyers, including regional figures, showing interest and paying deposits even before full disbursement.

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