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KCB puts Moi-era contractors’ assets up for sale to recover Sh1.35bn loan
Legacy Auctioneering Services, the firm overseeing the auction, has put up for sale three properties comprising developed and undeveloped land located in Nairobi’s Runda, Thigiri and Embakasi estates.
KCB Group has started auctioning assets of former Spencon Kenya Limited directors to recover a Sh1.35 billion loan, drawing to a close years of legal disputes with the Moi-era construction powerhouse that collapsed.
Legacy Auctioneering Services, the firm overseeing the auction, has put up for sale three properties comprising developed and undeveloped land located in Nairobi’s Runda, Thigiri and Embakasi estates. The auction is set for November 25, 2025.
