Kampala university loses bid to halt auction of Sh3.1bn Kajiado land

HF Group head office in Nairobi. FILE PHOTO | NMG

Mortgage lender Housing Finance is now free to auction a 68-acre parcel of land in Kajiado to recover a loan of more than Sh3.1 billion from Kampala International University (KIU).

The Supreme Court stopped the bid by the university to overturn a ruling in favour of the lender in the loan fight that followed KIU's default on the debt tapped in 2014 to develop its Kitengela campus.

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