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Collaborative dialogue key to safeguard interests amid shifting banking trends, investor says

Kenyan Investor Raises Alarm Over Changing Banking Trends on Borrowing

Kenyan investor urges collaborative dialogue to safeguard interests amid shifting banking trends

Financial Expert Nazir Jinnah on Monday said traditionally, guarantors played a secondary role, intervening only when the primary borrower defaulted.

Kenyan Investor Raises Alarm Over Changing Banking Trends On Borrowing

English Point Marina protests KCB receivership at Appeals Court

English Point Marina protests KCB receivership at Appeals court

KCB seizes English Point Marina over Sh5bn debt, again

Court of Appeal has lifted the High Court order blocking KCB from taking over the Mombasa luxury property.

15 accounts of English Point Marina frozen

Owners of troubled English Point Marina have been blocked from accessing 15 bank accounts, pending the hearing of an application filed by KCB Group.

Directors of English Point Marina risk Sh1bn each

Owners of English Point Marina had offered KCB Bank personal guarantees of up to Sh1 billion each to secure the Sh4.8 billion loan that is now in default.

KCB seizes English Point Marina over Sh5bn debt

KCB has seized Mombasa’s luxury property English Point Marina and placed Pearl Beach Hotels under statutory management over a Sh5.2 billion debt.