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Credit Bank gets nod to auction prime Upper Hill plot over Sh1.2bn debt
A view of the foundation of the property, which would have hosted frica’s tallest building in Upper Hill, Nairobi in this picture taken on April 25, 2018.
Credit Bank has been given the green light to auction a controversial parcel of land, which was to host Africa’s tallest building project in Nairobi’s Upper Hill area over a Sh1.2 billion debt.
High Court judge Alfred Mabeya, in a ruling on January 27, lifted an injunction that had been obtained in 2023 by Jabavu Village Limited blocking the lender’s plan to auction the land.
