debt recovery Archives – CEO East Africa

EADB Defends Auction of Nairobi Property in USD 9.1 Million Loan Dispute With Kenyan Borrower

Paul MurungiThe Big StoryMarch 17, 2026March 17, 2026

The East African Development Bank (EADB) has issued a detailed statement defending its decision to auction a Nairobi property belonging to Kenyan borrower Dari Limited, saying the sale followed years…

Standard Chartered Kenya Targets Nakumatt Properties in $14.3 Million Debt Recovery Battle

Paul MurungiBanking & Financial Services Business & Markets The Big StoryMarch 6, 2026March 6, 2026

Standard Chartered Bank Kenya has issued a statutory notice to Nakumatt Investments, paving the way for the possible auction of several properties linked to the collapsed supermarket chain over loan…

KCB Bank Wins USD 1.1m Court Battle Against Great Lakes Coffee Executives

Muhereza KyamuteteraLegal & Justice The Big StorySeptember 7, 2025September 7, 2025

The High Court’s Commercial Division has ruled in favour of KCB Bank Uganda Limited in a high-stakes debt recovery case, ordering two former executives of Great Lakes Coffee Company Limited…

Centenary Bank moves to auction businessman Joseph Kiyimba’s Club Ambiance, other properties over unpaid billions in debt

Paul MurungiThe Big StorySeptember 5, 2025September 10, 2025

Centenary Bank has instructed Banu General Agencies, a firm of auctioneers and bailiffs, to sell properties belonging to city businessman Joseph Kiyimba after he allegedly defaulted on loan obligations. The…