Court orders East African Fossils to pay Ecobank over Sh14bn in loan dispute

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What you need to know:

  • According to a judgment delivered on August 18, 2025, in Ecobank Tanzania Limited v East African Fossils Company Limited and three others, Judge Mwajuma Kadilu ruled that the defendants were jointly and severally liable for outstanding credit facilities, default interest, penalties and charges totalling Sh14.03 billion