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KCB seizes English Point Marina over Sh5bn debt

Tourists at the English Point Marina in Mombasa in this photo taken on 28th November 2021. PHOTO | KEVIN ODIT | NMG

By  OTIATO GUGUYU

KCB Group has seized Mombasa’s luxury property English Point Marina and placed Pearl Beach Hotels, the real estate firm that owns it, under statutory management over a Sh5.2 billion debt.

Pearl Beach Hotels has been struggling to meet its obligations to the bank over the years.

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