KCB boss defends auction of Kenyatta kin’s 443-acre Kiambu coffee estate

KCB Group has defended its decision to auction a Sh700 million Kiambu coffee estate owned by President Uhuru Kenyatta’s kin, maintaining that it strictly adhered to the law.

The bank sold the 443-acre Muiri Coffee Estate Limited in 2007 at a cost of Sh70 million to Bidii Kenya Limited after a firm owned by President Uhuru’s cousin, Ngengi Muigai, defaulted on repaying a loan it took in 1989.