Peppercorn

2 Articles

KCB to pay ten shillings to acquire Imperial Bank

KCB Group, Kenya’s largest bank by assets, will pay only Ksh10 to take over Imperial Bank, which was shut down four years ago...

BT Reporter1 Mins read

In legal parlance, a peppercorn is a metaphor for a very small payment, a nominal consideration, used to satisfy the requirements for the...

BT Reporter2 Mins read