The KES 200M Deal That Disappeared
Description (show more)
You can have the technology. You can have the banking partner. You can even have the letter of offer. But until the money is drawn down, how secure is the deal? For Kevin Mutiso, March 2020 answered that question the hard way. COVID hit, Equity Bank rescinded its undrawn offer, and the funding pipeline Alternative Circle was counting on disappeared. The business was left exposed. So was Kevin.
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