Court stops Guaranty Bank from auctioning restauranteur Osewe's hotel

THE STANDARD
By
Paul Ogemba |
December 23rd 2020 at 15:32:48 GMT +0300
William Osewe, owner of the popular K’Osewe restaurants (Ranalo Foods).
A four-star hotel in Kisumu owned by William Osewe of the popular Ranalo Food chain has been saved from auction over a Sh328 million bank loan.
Court of Appeal Judges Hannah Okwengu, Patrick Kiage and Jamila Mohammed stopped Guaranty Trust Bank (Kenya) Ltd from auctioning the Blue Waters Hotel and a block of apartments in South C, Nairobi pending determination of a suit by Osewe and his wife Stella Mutheu Osewe.
The judges however ordered the couple to pay the bank Sh25 million as security pending their decision on February 5 2021.

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