Kenya Commercial Bank (KCB) Kenya has put on sale, a parcel of land that it took over from the East African Portland Cement Company (EAPCC) as part of a deal to settle a Sh6.8 billion debt. The parcel of land located in Mavoko, Machakos County measures more than 2,000 acres.
In a notice, the lender said it would sell the expansive block of land and regularise part of it currently occupied by squatters and other settlers, even as it targets to raise up to Sh5 billion from the sale.
