City Hall in assets sale to stop KCB Sh4.3bn auction



Business Daily | by Collins Omulo


The Nairobi county government has announced a fire sale of its idle assets, including land, and could introduce a new tax to avoid auction of its prime assets over a defaulted Sh4.4 billion KCB loan.

The fundraising comes weeks after the High Court cleared KCB Group to seize and auction the assets of the county over the defaulted loan…

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