debt recovery Archives

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

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 of loan

March 17, 2026

The Big Story

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

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 arrears totaling

March 6, 2026

Banking & Financial Services·Business & Markets·The Big Story

A photo collage of Lady Justice Susan Odongo, KCB Bank CEO, Byamah Edgar and Andreas Nicolaides of Great Lakes Coffee

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

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 to pay

September 7, 2025

Legal & Justice·The Big Story

City businessman Joseph Kiyimba's Club Ambiance is set to be auctioned over unpaid debts.

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

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 properties include

September 5, 2025

The Big Story